TechFlow reported, Matrixport released a chart today stating that Bitcoin is widely considered a bet on the technological future, and historically, Bitcoin has shown correlation with the Nasdaq Index—the benchmark index for U.S. technology companies.
Over the past two years, Bitcoin has outperformed the Nasdaq Index by 73%. Although Bitcoin's correlation with the Nasdaq Index has sometimes been high, the current correlation stands at just 9%, indicating investors can access uncorrelated return streams.
Including high-return, uncorrelated assets in an investment portfolio is undoubtedly an attractive strategy for investors.
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