Bloomberg, a global media and financial technology giant, has unveiled new indexes to help investors diversify their traditional investment portfolios. These indexes include the Bloomberg Bitcoin and Gold Equal-Weighted Index and the Bloomberg Dollar, Bitcoin, and Gold Equal-Weighted Index. Bloomberg also stated that 2024 is a crucial year for digital currencies, attracting over $220 billion in investments. The goal of these new indexes is to combine Bitcoin’s growth with gold’s historical stability. Jigna Gibb, Bloomberg’s Head of Commodity and Digital Asset Index Products, expects these indexes to be the first of many commodity and digital asset combinations. Some analysts believe that despite almost zero correlation between Bitcoin and gold, Bitcoin tends to follow gold’s movement after periods of divergence.
