Bitcoin Portfolio Impact Report, December 2025

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	Forwarded this email? Subscribe here for more Bitcoin, Gold, and the Limits of Diversification in 2025 Bitcoin Portfolio Impact Report, December 2025 Ecoinometrics Dec 31 ∙ Preview   READ IN APP   In previous reports, we have shown that during bull markets, a small allocation to Bitcoin can meaningfully improve both returns and risk-adjusted returns of a traditional equity portfolio, often more so than gold or holding equities alone. But 2025 has been a very different year. Bitcoin suffered two deep drawdowns and is ending the year in negative territory, even as U.S. equities recovered and pushed higher. This was not a clean, risk-on environment. And in that context, the more relevant question is no longer about upside, but about downside. What actually happens to portfolio risk when a small Bitcoin allocation is held through a difficult year? That is the question we explore in this report. Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions. Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics. Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy. Join over 35,000 professional investors and fund managers: Upgrade to paid Ready? Let’s dig into the data. Bitcoin, Gold, and the Limits of Diversification in 2025 The Takeaway This report examines how Bitcoin and gold affected portfolio risk in 2025 when held as small diversifiers alongside equities. While gold finished the year with a modest performance edge and Bitcoin amplified drawdowns slightly, these effects were marginal relative to the dominant role of equity exposure... Continue reading this post for free in the Substack app Claim my free post Or upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe