Snapshots of Are Cryptocurrencies Diversifying Assets?

Quickly apply original, key PMR-published papers with Snapshots—a short article companion that distills PMR research into compressed, digestible takeaways, so you can put the paper’s core ideas to work in your investment process—fast. This Snapshot article is based on research arguing that, given Bitcoin’s high volatility, adding it to a traditional portfolio increases risk rather than diversifying it; holding it is defensible only if expected returns are high enough to compensate for that added risk.