Bitcoin rises despite high rates, seen as portfolio crash insurance

Bitcoin could serve as portfolio crash insurance and as a foundation for new credit and tokenized-finance markets as high interest rates and broader market volatility challenge traditional asset-allocation models. As volatility spreads across stocks and bonds, investors should distinguish between ordinary diversification and protection against market shocks, according to Jeff Park, partner and portfolio manager at Parify. He argued that Bitcoin’s investment case could remain intact even in a high-rate environment. In an Oct. 16 Bitcoin Magazine interview, Park said Bitcoin’s demonstrated qualities as a form of money could justify a portfolio allocation. Parify is a New York digital-asset investment firm with almost $2 billion in assets under management.

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