Analyst: Bitcoin Becomes a New Tool for Portfolio Diversification

According to HashKey, eToro analyst Lale Akoner pointed out that as investors seek to add diversity to their portfolios, Bitcoin is being viewed as a method. She mentioned that the S&P 500 index leans towards large tech stocks, particularly Nvidia, with fewer defensive stocks, while U.S. Treasuries, which were once praised as a diversification tool, are facing challenges. As a result, investors are turning to other assets to protect their portfolios from potential losses. Currently, more people are choosing gold and Bitcoin. Although Bitcoin is considered a high-risk asset, it has shown excellent performance in terms of diversification.