---
title: Bitcoin in German Equities Portfolios: Diversification Benefits and Hedging Abilities
url: https://www.ml-quant.com/papers/ssrn/4800902/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4800902
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4800902
featured: 2024-04-24
citations: 0
topic: Crypto & DeFi
---


# Bitcoin in German Equities Portfolios: Diversification Benefits and Hedging Abilities

The study finds that while Bitcoin can improve risk-return exposures for German stock market investors, it is not very effective as a hedge against market downturns.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4800902
- Identifier: SSRN 4800902
- Released: 2022-05-19
- First featured: Quant Letter No. 46 (2024-04-24): https://www.ml-quant.com/issues/2024-04-24/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Crypto & DeFi

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