42 days ago • Posted by William Ramstein

JPMorgan assesses Bitcoin investment

JPMorgan might make bitcoin 1% of portfolios. Cryptocurrencies may be relatively new and volatile, but they’re also somewhat uncorrelated with other assets, and may be able to provide a good hedge. Former Federal Reserve economists Roberto Perli and Benson Durham at Cornerstone Macro LLC have run calculations and found that the volatility of equity portfolios can usually be reduced by adding some amount of digital assets. Source: Bloomberg