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Bitcoin and gold 15 percent allocation strategy outperforms 60/40 stock-bond portfolio

Bitwise Chief Investment Officer Matt Hougan says a portfolio that includes bitcoin and gold has outperformed a traditional 60/40 stock-bond portfolio. A study by Bitwise staff found a portfolio allocating 15 percent each to bitcoin and gold posted a Sharpe ratio of 0.679 over the past decade, versus 0.237 for a standard 60/40 mix. The analysis reviewed four major market selloffs since 2018 and their recoveries.