A recent study by Lionsoul Global's Gregory Mall, as reported by CoinDesk, explores the impact of different bitcoin investment strategies on portfolio returns. The study backtests bitcoin in a 60/40 portfolio across bull, bear, and sideways market regimes. The results show how a straight bitcoin position, a large-cap basket, and a trend-managed sleeve perform differently.
The research aims to address the question of how much bitcoin to hold in a portfolio, but also highlights that the way bitcoin is held can be just as important as the amount. By examining the performance of different investment approaches, the study provides insights into the potential benefits and drawbacks of each strategy.