CME Chief Economist: Allocation of 2% Bitcoin will slightly reduce portfolio risk

According to Cointelegraph, the Chicago Mercantile Exchange (CME) chief economist Bluford Putnam said in a February 11 video that if bitcoin is unlikely to be related to economic factors or traditional stocks and fixed income securities, then bitcoin can be used as Portfolio diversification tool. Because Bitcoin is very unstable, if there is a lack of correlation, only a small share (for example, 2% of the portfolio) can be allocated to reduce the risk. Morgan Creek co-founder Anthony Pompliano predicted in August 2019 that Bitcoin will eventually enter all institutional portfolios.