Does Bitcoin Diversify a Big Tech Portfolio?
Bitcoin and Big Tech: Why Stock Correlations Can Mislead Owning Bitcoin alongside technology stocks can look like diversification. One holding represents a decentralized monetary network; the others represent businesses selling software, advertising, cloud services, and computing hardware. Their economic foundations differ. Their market behavior, however, can overlap in ways that a list of holdings does not reveal. A new study examining Bitcoin and the Magnificent Seven finds that this overlap…