Bloomberg Intelligence Report: Bitcoin Is Becoming A Risk-Off Asset As Inflation Rises

“Early in the report, Bloomberg Intelligence keeps in mind institutional participation and decreasing volatility in bitcoin versus traditional danger assets seems to reveal a clear divergence in favor of bitcoin, permitting financiers to separate from the common mistakes of standard properties. Bloomberg Intelligence specifies “our view is not to buck the pattern is your friend mantra”, explaining that financiers who choose not to at least partially-allocate might suffer the worst.The report further highlights bitcoins divergence as a basic risk-asset by comparing it to the year-to-date (YTD) numbers to May 3 for the Nasdaq 100 Stock Index.”We see terrific prospective for bitcoin to continue doing what it has been doing for most of its existence– exceeding most conventional property classes,” the report stated.