#NewsTrade Bitcoin needs to "mature" before decoupling from the stock market
Although Bitcoin is poised to become a safe-haven asset in the future, the world's first cryptocurrency still needs to "mature" as a global asset, according to Marcin Kazmierczak, co-founder and COO of RedStone.
"Bitcoin still needs to mature before decoupling from the stock markets," Kazmierczak told Cointelegraph, adding:
"The increasing institutional adoption will absolutely help - we are already seeing this effect with corporate treasury investments reducing Bitcoin's 30-day volatility and with BlackRock repeatedly praising BTC as an asset in a portfolio".
Meanwhile, Bitcoin will see growing recognition as a portfolio diversifier, with an annualized return of over 230% in the last five years, which "significantly outperformed" both stocks and traditional safe-haven assets, Kazmierczak said, adding that "even a small allocation of 1-5% of Bitcoin can significantly improve the risk-adjusted returns of a portfolio".