ARK Invest Says Optimal Bitcoin Portfolio Allocation For 2023 Was 19.4%

CoinDesk02-01

Bitcoin (BTC) is an effective diversifier and counterbalance to traditional asset classes, and an optimal allocation in one's investment portfolio is just under 20%, Cathie Wood's ARK Invest wrote in ...

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The Guppy indicator, which sparked a 70% Bitcoin rally in late 2023, is now signaling a potential bearish downturn.The ARK report also notes that most of the 2022-2023 crypto winter crises have come to a close. FTX recently announced that it plans to fully re-pay creditors, while Celsius will be distributing $3 billion and equity allocation in a new venture as part of its bankruptcy resolution.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1188020926"}