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Bitcoin and gold in a portfolio: conditioned complementarity, not a symmetric hedge

Bitcoin and gold in a portfolio: conditioned complementarity, not a symmetric hedge

Photo: Crypto Economy

The debate over Bitcoin and gold in a portfolio is often framed as a choice between two assets competing for the same role. The accumulated evidence does not support the premise, but it does not authorize treating both assets as a stable substitute for traditional diversification either. The position defended in the analysis is narrower: ... Read more

Source: Crypto Economy

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