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As the BTC dead cat bounce transpires, JPM asks if crypto can deliver portfolio diversification:
Cryptocurrencies as portfolio diversification: Questionable, despite low correlations
Cryptocurrency detractors often cite these instruments’ extreme volatility as a reason to avoid the most-watched market since dot-com stocks of the 1990s
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.