TechFlow news, November 22 — Matrixport's latest weekly report indicates that the progress of the fifth Bitcoin bull market closely aligns with its July 2023 forecast. The report predicts Bitcoin will reach $125,000 by December 2024, a projection gaining increasing credibility as Bitcoin approaches the $100,000 mark.
The report recommends institutional investors allocate to both Bitcoin and gold. Based on the Black-Litterman asset allocation model, such a portfolio is projected to achieve a 15.6% return with a Sharpe ratio of 1.6. The research suggests that although Bitcoin has outperformed gold in recent years, both assets hold investment value due to their low correlation and favorable macroeconomic outlooks.
The report particularly highlights that the post-U.S. election sell-off in gold may present a buying opportunity, expecting central banks worldwide to continue diversifying their reserve assets over the coming years, further enhancing gold’s importance within institutional portfolios.
