Bitwise: Adding BTC to portfolios has 100% chance of improving 3-year returns

Bitwise Chief Investment Officer (CIO) Matt Hougan stated on X that adding BTC to a traditional 60/40 portfolio, comprised of 60% stocks and 40% bonds, improves returns. He noted that adding BTC to such a portfolio improved returns with 100% probability over a three-year holding period and with 93% probability over a two-year period. Hougan explained that Bitwise first published this research in 2018 and has applied the same methodology every year since, with consistent results. He added that the optimal BTC allocation is 5% and that regular rebalancing helps improve returns.