Cryptocurrencies
JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios
- Crypto may be useful as diversifier in portfolio: analysts
- Biggest digital asset has surged fivefold over the past year
This article is for subscribers only.
JPMorgan Chase & Co. is the latest Wall Street firm floating the idea of investors using Bitcoin as a way to diversify their portfolios.
Strategists have recently touted cryptocurrency as a way to hedge against significant fluctuations in traditional asset classes such as stocks, bonds and commodities. Rather than making any big bets on Bitcoin, they’ve been recommending a relatively small allocation, which wouldn’t take too much of a hit even if the price goes down substantially.