Analyst: Bitcoin is being seen as a portfolio diversification tool

Investors are increasingly looking to bitcoin as a way to diversify their portfolios, said Lale Akoner, an analyst at eToro. The S & P 500 Index is skewed towards big tech stocks, especially Nvidia, with few defensive stocks. Long-term U.S. Treasuries, once sought after as a diversified investment vehicle, have come under pressure recently. That means investors are looking for other assets to protect their portfolios from potential losses, she said. "I think that's why we're seeing more gold and bitcoin." Bitcoin is still a high-risk asset, but it can diversify well, she said.