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Bitcoin in the depot: This is how much crypto your portfolio can really handle!
Learn how cryptocurrencies can diversify portfolios. Experts recommend up to 10% crypto share.
Bitcoin in the depot: This is how much crypto your portfolio can really handle!
Bitcoin and other cryptocurrencies are finding increasing acceptance in classic investment portfolios. Financial experts are currently discussing the optimal dosage of crypto assets. Loud business-punk.com Conservative investors should invest a maximum of 5% of their portfolio in cryptocurrencies, while more risk-taking investors can consider up to 10%. However, with shares above 10%, the overall risk of the portfolio could increase disproportionately.
Polling of professional investors shows that even they rarely exceed the 10% mark. An example calculation from recent years shows that a portfolio with 60% stocks and 40% bonds can achieve a return of around 11.7% with an average annual return of around 8.3% (2014-2020) with an admixture of 5% Bitcoin. This makes it clear that low crypto integration can increase the Sharpe ratio, i.e. the ratio of return to risk, of the overall portfolio. In addition, the volatility remains within an acceptable range with a crypto share of 5%.
The role of crypto diversification
The launch of the first Bitcoin ETFs in early 2024 has further increased interest in cryptocurrencies in the financial world. Loud simplemoney.ch Current studies have examined the diversification effects of Bitcoin. These show that Bitcoin has high volatility compared to the Swiss Performance Index (SPI), with price drops of 60-70% in difficult market phases such as 2018 and 2022.
The correlation between Bitcoin and the S&P 500 is 0.4, suggesting that Bitcoin can be usefully used as a diversifying asset in investors' portfolios. Studies on different portfolio proportions found that adding 5% Bitcoin to a portfolio consisting of 95% SPI can improve returns by 2% per year without significantly increasing volatility.
| Portfolio | Return (p.a.) | risk |
|---|---|---|
| 100% SPI | 8.2% | 13.9% |
| 95% SPI / 5% Bitcoin | 10.2% | 14.8% |
Further analysis shows that a portfolio with 97% Swiss assets and 3% Bitcoin performed better, although volatility increased in times of crisis. When looking at 60% stocks and 40% bonds with varying Bitcoin shares, the highest risk-adjusted returns were seen with 5-8% Bitcoin shares.
Overall, a limited Bitcoin holding of up to 5% in depot strategies is recommended. Investors should use low-cost platforms when purchasing Bitcoin to minimize costs with small weightings. Particularly as part of Pillar 3a or the vested benefits portfolio, a Bitcoin share of up to 5% can be invested, which requires discipline.