Researchers: Bitcoin a Perfect Diversification Asset for Institutions

Matt Hougan, the vice president of research and development at Bitwise Asset Management Inc, expects the correlation between Bitcoin and the broader financial market to remain low, which may allow Bitcoin to appeal to institutional investors as a proper diversification asset whose price movement is immune to traditional market swings.
According to research findings published by professors Lawrence Trautman and Taft Dorman of the Western Carolina University, wild price fluctuations of Bitcoin all