A new report from investment manager VanEck claims that institutional investors own roughly $50 billion of the Bitcoin currently in circulation. The holdings are spread across exchange-traded funds (ETFs), countries, and public and private companies, even as investors await the approval of a spot Bitcoin ETF.

According to the investment firm, hedge funds and asset managers are starting to view Bitcoin (BTC) as an effective portfolio diversifier because of its potential to hedge against inflation. Unlike gold, Bitcoin’s immutable transaction history makes it less susceptible to fraud, while its ability to be divided into smaller units renders it a superior form of payment.

VanEck Says Bitcoin Can Improve Returns With Minimal Downside

VanEck also confirmed that Bitcoin improved returns without significant risk in portfolios, with 40% allocated to bonds and 60% allocated to equities. The company expects the asset’s price to rise before and after the spring 2024 halving, a process that reduces the amount of Bitcoin released for every successfully mined block.

Here are some investment ideas to consider around the halving.

The new Bitc

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Author: David Thomas

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