黄金减少投资组合波动,提高回报率,而Bitcoin的回报率随着波动性的上升而下降。 Gold reduces portfolio volatility and improves returns, while Bitcoin's returns diminish with rising volatility.
世界黄金理事会比较了黄金和比特币在市场动荡期间的表现,发现黄金不断减少投资组合的波动,同时改善回报,即使增加分配。 The World Gold Council compared gold and Bitcoin's performance during volatile markets, finding gold consistently reduces portfolio volatility while improving returns, even with increased allocation. 然而,比特币显示回报率下降,随着分配额的增加,波动性越来越大。 Bitcoin, however, shows diminishing returns with rising volatility as allocation increases. 黄金的稳定性、中央银行的持有量以及财富状况的全球储存量使得它成为合适的避风港资产,而Bitcoin的价格波动和与风险资产的相关性并不显示出与黄金相同的避风港特征。 Gold's stability, central bank holdings, and global store of wealth status make it a suitable safe haven asset, while Bitcoin's price fluctuations and correlation with risk assets don't demonstrate the same safe haven characteristics as gold.