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If you have some capital and spend time thinking about how to allocate it, it is not about "I'd rather have this than that". You spend your time looking for ass

If you have some capital and spend time thinking about how to allocate it, it is not about "I'd rather have this than that". You spend your time looking for assets that are not completely correlated with one of your other assets. That's why gold keeps being in portfolios. And why Bitcoin will continue to move into portfolios. In August 1979, the gold price was $200. Now it is $1800.

JumpCrisscross 4y ago
> why Bitcoin will continue to move into portfolios Bitcoin is a tightly-correlated risk asset [1]. If someone's buying Bitcoin, they're buying it for directional alpha, not portfolio mathematics. [1] https://www.econstor.eu/bitstream/10419/230726/1/irtg1792dp2018-015.pdf https://www.econstor.eu/bitstream/10419/230726/1/irtg1792dp2...
deleted 4y ago
[deleted]
lottin 4y ago
> In August 1979, the gold price was $200. Now it is $1800. Sounds like a random statistic. Are trying to make a point?