Bloomberg recently launched Several asset indices To help investors diversify their traditional portfolios, a groundbreaking work that combines bitcoin and goods.
Bloomberg-A Global Financial Media, Data and Technology Company-Introduced its Bitcoin & Gold Blend Index, which includes Bloomberg Bitcoin and Gold Equal Weighted Index, and Bloomberg Dollars, Bitcoin and Gold Equal Weighted Index, which aims to help departmental inventory to expand their portfolios.
A remarkable year
In a press release, Bloomberg revealed On 2024 was a landmark for cryptocorate and said that favorable regulations and feeling brought more than $ 220 billion in crypto investments.
“These assets were over 250+ ETFs, including those linked to Spot Bitcoin and Spot Ethereum that extended access to crypto markets with a well -known cover,” added Bloomberg.
Bloomberg launches gold and #Btc Composite index. https://t.co/vpprxqc5fr
– Cryptocurrency (@cryptocurrency) February 14, 2025
According to the financial giant, gold and Bitcoin reached their peaks last year, which they thought further tied “the relationship between digital and physical assets.”
As a result, many investors began to explore their competing and supplementary attributes in diversified portfolios.
Mixture of bitcoin and gold
Bloomberg explained it Bitcoin & Gold Blend index are the first in this set of indexes and say they created this with a unit -based framework to enable modifications in the future and “adaptation of building blocks and weight based on client interest.”
BTCUSD trading at $97,581 on the daily chart: TradingView.com
According to the financial giant, the goal of the new indices is to capture bitcoin growth and connect it with Gold’s historical stability.
“We expect Bloomberg Bitcoin and the Gold Maid to be the first of many goods and digital asset mixes when we see an increasing investor appetite for customized indexes that can focus on specific investment goals and return profiles,” Bloomberg Index Services Limited Head of Commodies & Crypto Index products Jigna Gibb said.
Bloomberg said that Bloomberg dollars, bitcoin and gold equally weighted index merge the American dollar’s defensive attribute with Bitcoin and Gold’s “potential, long -term uncorrected properties.”
Historically, bitcoin and gold Has an almost zero correlation with each other and notes that both have maintained positive long-term returns which makes their basket an excellent diversification for traditional multi-aset portfolios.
“With the capacity of the Bloomberg index, we can continuously adapt index offers as the industry develops. Since an important investment barrier in bitcoin is increased volatility, we see a basic case for using bitcoin and gold, not bitcoin versus gold, ”Gibb said.
Key notes
– Gold production of new ATHS forming HHS and HLS
– $ BTC Interval limit between 91K – 105KEach time gold is displaced away from BTC, playing BTC games marked in black circles pic.twitter.com/icrxjincip
– DAINK (@traderdaink) February 10, 2025
Bitcoin follows gold
At the same time, a crypto analyst does not agree that bitcoin and gold have zero correlation.
Daink said in a post that Bitcoin is inclined to follow Gold’s movements after periods when they have been disconnected or moved in different directions.
“Each time gold shifts away from the BTC, the BTC plays plays marked in black circuits,” explained Daink on the X platform.
During the majority of Bitcoin existence, the relationship between bitcoin and gold has been the subject of fluctuations. Originally fluctuated prices for these two assets in a largely independent way. This meant that when the price of an asset increased, the other did not necessarily follow.
Although there is no immediate connection between Bitcoin and Gold, the crypto tends to adapt its movement to that precious metal after a certain period.
Image from Gemini Imagen, Chart from TradingView
