Citi Recommends Splitting Gold Allocation with Bitcoin for Optimal Portfolio Gains as BTC Holds $75K+

Citi analysts recommend dividing a traditional 5% gold allocation with Bitcoin to enhance risk-adjusted returns in 60/40 portfolios, especially amid BTC's strength above $75,000 after a 23% rally from February's $60K lows. This builds on Bitwise CIO Matt Hougan's April 15 thesis that Bitcoin's addressable market could surpass gold's $38T cap, fueled by Iran conflict and proposed BTC tolls (~$20M/day). Negative perpetual funding rates over six weeks, rising open interest, and trader targets of $87,500–$90,000 signal short squeeze potential.