’Although Bitcoin may still feel unconventional to some, its characteristics as a finite, decentralised, high liquid asset with low correlation to traditional markets make it increasingly difficult to disregard,’ says head of corporate treasury
Investment consultancy Cartwright has urged insurers to reconsider the value of including popular cryptocurrency Bitcoin in their strategic investment portfolios.
The firm noted that a “small allocation to Bitcoin” could offer insurers positive opportunities for risk-adjusted returns and diversified exposures, given it’s low correlation to traditional markets.
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