Bitcoin more of a ‘diversifier’ than safe-haven asset: Report

Bitcoin More of a Portfolio Diversifier Than Safe-Haven Asset, Says RedStone Report

Bitcoin’s Function as a Hedge Under Question Bitcoin’s correlation with the U.S. equity market is too volatile for it to be deemed a safe-haven asset, new research from blockchain data analytics company RedStone Oracles has concluded. The report concluded that Bitcoin has a strong negative correlation with equities in the short term, but that the correlation differs over longer time horizons. Whereas a true hedge would have a correlation of less…

Bitcoin more of a ‘diversifier’ than safe-haven asset: Report - WorldNL Magazine

“Bitcoin still needs to mature before decoupling from stock markets,” but presents significant benefits as a portfolio diversifier, according to the co-founder of Redstone Oracles. Bitcoin’s fluctuating correlation with US equities is raising questions about its role as a global safe-haven asset during periods of financial stress.Bitcoin (BTC) exhibited a strong negative correlation with the US stock market when analyzing the short-term, seven-d…

Bitcoin's Role as a "Diversifier" Outshines Safe-Haven Asset, Finds Report

Bitcoin and Stock Correlation: A Safe-Haven or Portfolio Diversifier? In recent times, investors have debated whether Bitcoin can serve as a safe-haven asset or a diversifier within their investment portfolios. With the growing prevalence of cryptocurrency in the financial market, understanding the correlation between Bitcoin and traditional stocks has become more critical. Historically, traditional stocks and Bitcoin have shown little to no cor…

Bitcoin more of a ‘diversifier’ than safe-haven asset: Report

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