Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts
Cointelegraph
Published Sep 04, 2021 01:44PM ET
Updated Sep 06, 2021 04:00PM ET
What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence’s Mike McGlone, a merged exposure of Bitcoin (BTC), gold and government bonds.
The senior commodity strategist, who sees BTC heading to $100,000, pitted derivatives in a new report representing the three safe-haven assets against the performance of the S&P 500 index, finding that the trio has been outperforming the benchmark Wall Street index at least since the start of 2020.
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Written By: Cointelegraph
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