Analyst: Bitcoin is being viewed as a portfolio diversification tool.

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[Analyst: Bitcoin is being viewed as a portfolio diversification tool] eToro analyst Lale Akoner stated that investors are increasingly considering Bitcoin as a way to diversify their portfolios. The S&P 500 index leans towards large tech stocks, especially Nvidia, with few defensive stocks. Long-term U.S. Treasury bonds were once sought after as a diversification investment vehicle but have recently come under pressure. She said this means investors are looking for other assets to protect their portfolios from potential losses. "I think that's why we're seeing more gold and Bitcoin." She said Bitcoin is still a high-risk asset, but it can diversify investments well.

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