According to news on November 22, Matrixport’s latest weekly report shows that the progress of the fifth round of Bitcoin bull market is highly consistent with its prediction in July 2023. The report predicts that Bitcoin will reach $125,000 in December 2024. As Bitcoin approaches the $100,000 mark, this prediction becomes more credible. The report recommends that institutional investors allocate both Bitcoin and gold. Based on the Black-Litterman asset allocation model, the investment portfolio is expected to achieve a return rate of 15.6% and a Sharpe ratio of 1.6 times. The research believes that although Bitcoin has performed better than gold in recent years, both assets have investment value due to their low correlation and macroeconomic prospects. The report specifically pointed out that the sell-off in gold after the U.S. election may be a good buying opportunity. It is expected that global central banks will continue to promote the diversification of reserve assets in the next few years, and the importance of gold in institutional investment portfolios will further increase.