The New 60/40 Portfolio: Bonds, Bitcoin, and Cash?

Pondering

In Q3 of 2022, bitcoin outperformed most financial assets. Look at its competition from July 1 to September 30:

• S&P 500 (SPX) — down 6%
• NASDAQ (IXIC) — down 5%
• Russell 2000 (IWM) — down 4%
• 20-year US Treasuries (TLT) — down 12%
• Oil (WTI) — down 27%