Autor: Stefan A. Höchle

Bitcoin is still a young digital currency, or alternatively a digital asset. Thanks to its uncorrelatedness to traditional asset classes and its high risk-adjusted return profile, Bitcoin is ideally suited for inclusion in a balanced portfolio. A young emerging asset class The still young digital currency Bitcoin is currently perceived more as a store of value than as a digital currency. The underlying protocol based on block chain and cryptography, guarantees a disintermediate value transfer via the Internet. Bitcoin is the currency of this decentralized payment network and, like other crypto-currencies, is traded around the clock on various exchanges. In…