Matrixport: Bitcoin price is expected to reach $125,000 in December, and institutional investors are advised to allocate both Bitcoin and gold

Matrixport's latest weekly report shows that the progress of the fifth round of Bitcoin bull market is highly consistent with its July 2023 forecast. The report predicts that Bitcoin will reach $125,000 in December 2024, and this prediction is becoming more credible as Bitcoin approaches the $100,000 mark. The report recommends that institutional investors allocate Bitcoin and gold at the same time. Based on the Black-Litterman asset allocation model, the portfolio is expected to achieve a return rate of 15.6% and a Sharpe ratio of 1.6 times. The study believes that although Bitcoin has outperformed gold in recent years, both assets have investment value due to their low correlation and macroeconomic prospects. The report specifically pointed out that the sell-off of gold after the US election may be a good buying opportunity. It is expected that global central banks will continue to promote the diversification of reserve assets in the next few years, and the importance of gold in institutional investment portfolios will be further enhanced.