Matrixport: Bitcoin prices are expected to reach $125000 in December, and it is recommended that institutional investors allocate both Bitcoin and gold simultaneously

Odaily Planet Daily News: Matrixport's latest weekly report shows that the progress of the fifth Bitcoin bull market is highly consistent with its forecast for July 2023. The report predicts that Bitcoin will reach $125000 by December 2024, and as Bitcoin approaches the $100000 mark, this prediction becomes increasingly credible. The report recommends institutional investors to simultaneously allocate Bitcoin and gold. Based on the Black Litterman asset allocation model, this investment portfolio is expected to achieve a return rate of 15.6% and a Sharpe ratio of 1.6 times. Research suggests that although Bitcoin has performed better than gold in recent years, both assets have investment value due to their low correlation and macroeconomic prospects. The report specifically points out that the post election sell-off of gold in the United States may be a buying opportunity, and it is expected that global central banks will continue to diversify their reserve assets in the coming years, further increasing the importance of gold in institutional investment portfolios.