Bloomberg has launched new Gold and Bitcoin indices, which help connect traditional commodities with digital assets. According to the Bloomberg report , the new indices are the Bloomberg Bitcoin (BTC) and Gold Equal Weighted Index (BBIG) and the Bloomberg Dollar, Bitcoin, and Gold Equal Weighted Index (BBUG). Benefits of Bloomberg Newly Launched Indices These indices provide investors with a new way to diversify their portfolios by combining the stability of gold with the growth potential of Bitcoin. Likewise, these indices combine digital assets with traditional commodities, reflecting the rising interest in digital currencies alongside established assets like gold. Notably, the BBIG index treats Bitcoin and gold equally, allowing investors to see how both perform. The BBUG index adds the U.S. dollar to this mix. This approach gives a complete view of the market and helps investors manage the risks of cryptocurrencies while benefiting from the stability of traditional commodities. Another unique feature of these indices is that customers can adjust and customize the configuration weights. Furthermore, the launch will help investors who want to include Bitcoin and other cryptocurrencies in their portfolios. It is worth noting that many people find it difficult to invest in digital assets because Bitcoin can be very unpredictable. However, combining Bitcoin with gold, a stable asset, provides a balanced way for investors to access both markets while reducing some risks of investing in cryptocurrencies. Kiyosaki Call Bitcoin and Gold Safe Haven Assets In September 2024, serial entrepreneur and author Robert Kiyosaki said investors should refrain from asking questions about the most preferred investment between gold, silver, and Bitcoin. He suggested that these assets could be leveraged as an investment hedge. Meanwhile, Robert’s post shows his concern about ensuring people have worthwhile investments . Robert also reiterated that anyone bothered by whether gold or Bitcoin is better will lose. In the past, Kiyosaki stressed the necessity for investors to incorporate safe-haven assets into their financial strategies. He also likened the suggested assets to “parachutes” that provide a soft landing amidst economic crises, emphasizing the need for diversification and resilience in investment portfolios. Bitget Launches GMCI Meme Index Meanwhile, Bitget, a leading cryptocurrency exchange, introduced the GMCI Meme Index in December . This index combines the top memecoins by market capitalization, reflecting the humor and creativity driving much of the cryptocurrency world. As reported by TheCoinRise, Bitget highlighted that this initiative celebrates the vibrant culture of crypto. The GMCI Meme Index lists 25 popular meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). It also includes emerging tokens like Brett (BRETT), Mog (MOG), Popcat (POPCAT), and Dogs (DOGS). By combining these coins into one index, Bitget simplifies access to the meme coin market. The post Bloomberg Launches New Gold and BTC Composite Indices appeared first on TheCoinrise.com .
