CME - There's room for cryptocurrency in 60/40 portfolio Galaxy Digital says

Chris Rhine, a managing director at cryptocurrency investment firm Galaxy Digital (OTCPK:BRPHF), believes crypto has a place within a traditional 60/40 portfolio. "I wouldn't say it's a 60-equities and 40-crypto, but I think a portion of that is going to continually be directed towards cryptocurrency, as the asset class continues to evolve and mature," Rhine said at CoinDesk's Consensus 2022 festival on Thursday. As the cryptosphere evolves, more investment products will be introduced to the decentralized marketplace, allowing investors to "better pick the right strategies" for their portfolio, Rhine noted. Earlier, Tim McCourt, the global head of Equity Index and Alternative Investment Products at CME Group (CME), said crypto structured products will become more widespread as wholesale institutional interest continues to expand.  Since crypto is a relatively new and emerging space (bitcoin was created in 2009), there's not a lot of data to rely on because most tokens have only

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There's room for cryptocurrency in 60/40 portfolio, Galaxy Digital says