Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts By Cointelegraph



Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts

What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence’s Mike McGlone, a merged exposure of (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.

Bitcoin-Gold-Bonds performance against the S&P 500 index. Source: Bloomberg Intelligence
weekly price chart. Source: TradingView
U.S. consumer price inflation rose to 5.4% in July. Source: Forex Live