Traditional portfolio combined with BTC surprisingly didn't blow up the risk, and in a bear market, it can still outperform. Institutions are starting to really see the benefits.

Citigroup states that including gold and Bitcoin in a traditional 60/40 stock-bond portfolio can enhance long-term efficiency. Allocating about 5% to gold alone has significantly improved performance; if distributed between gold and Bitcoin, returns are higher and risk does not increase substantially. This combination outperforms the 60/40 during bond market strength and also performs better in bear markets. During geopolitical conflicts and market volatility, Bitcoin sometimes outperforms gold when the bond market is weak; in the past two months, Bitcoin has risen about 9%, while spot gold has fallen about 4%.