Cathie Wood: Bitcoin is a “good source of diversification” for investors seeking higher returns

According to Jinse Finance, Ark Invest CEO Cathie Wood believes that due to bitcoin’s low correlation with other major asset classes, it can serve as a valuable diversification tool in institutional investment portfolios. In a comprehensive report, Wood pointed out that bitcoin’s low correlation with other major asset classes—including gold, stocks, and bonds—is a reason asset allocators should take bitcoin seriously. She wrote: “For asset allocators seeking higher risk-adjusted returns, bitcoin should be an excellent source of diversification.”