Adding 2% bitcoin to a classic 60/40 portfolio vastly improves performance. But most investors are too focused on Sharpe-ratio (based on st.deviation). They see that Sharpe declines a bit. Calmar-rati...
I would like to see this study over a shorter timeframe, like from 2018 onwards. Removing the distorted rise of the early years, when investing in bitcoin lacked foundation since it was much more of an experiment than anything else.
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