Ever heard a former Nasdaq CEO weigh in on Bitcoin's place in your portfolio?

Well, here's the take: BTC operates as a completely uncorrelated asset. That means when traditional markets zig, Bitcoin doesn't necessarily zag—or follow along. It just does its own thing.

This perspective matters because correlation is everything in risk management. If you're holding stocks, bonds, and crypto that all move together, you're not really diversified. You're just exposed.

The fact that someone who ran one of the world's largest stock exchanges is calling out Bitcoin's unique behavior? That's not some random hot take. It's a nod to how far digital assets have come in earning their seat at the table.

BTC0.53%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
4
Repost
Share

Comment

0/400

LiquidityWizard

· 9h ago

nah actually the correlation thing is way more nuanced than that—historical data from 2020-2023 shows btc's correlation coefficient with equities hovering around 0.6-0.8 depending on volatility regimes, so calling it "completely uncorrelated" is statistically kind of a stretch tbh

Reply0

SquidTeacher

· 9h ago

Hey, this logic doesn’t really hold up... Is BTC really uncorrelated? --- Wow, even the Nasdaq pros are starting to support the crypto world, this needs to be taken seriously --- The point about correlation is valid, but do people still dare to go all in? --- Finally, mainstream voices are recognizing this, it’s about time --- Retail investors should just listen and not take this as investment advice, bro --- Looks like the bull run is here... Nasdaq has admitted defeat --- Honestly, I've been hearing this uncorrelated rhetoric for years, but when the market crashes, everything falls --- Interesting, even the big shots in TradFi are starting to bow to Bitcoin --- Risk Management is indeed important, but the premise is that you need to have other assets.

View OriginalReply0

GasFeeCrybaby