Swiss poke holes in crypto-diversifier theory

Crypto-lovers tended to be younger, poorer and less female than stock-standard share-traders on the SwissQuote platform. (Image: Getty)

David Chaplin

Wed, 13 Jul 2022

You can say what you like about cryptocurrencies and a lot of people do.Meta-money, digital gold, inflation hedge, destination moon ... whatever.But failing all else, crypto (especially as represented by the leading token, bitcoin) is often justified as a diversifier – implying the stuff ought to follow a valuation path uncorrelated with other assets, which should help overall portfolio performance.Bitcoin should, in theory, have diversification benefits for share investors, according to a new study by the Swiss Finance Institute (SFI).&l...

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