American Bloomberg Launches Two Composite Indexes for Bitcoin and Gold Bloomberg Bitcoin and Gold (BBIG), as well as Bloomberg Dollar, Bitcoin and Gold (BBUG). BBIG is an index with equal weightings for Bitcoin and gold. The BBUG index also includes the US dollar for added protection.
The idea behind the new indices is to balance Bitcoin's growth potential with gold's stability.
Since the key barrier to investment in Bitcoin is its increased volatility, we see a fundamental argument in favor of using bitcoin and gold, rather than bitcoin versus gold, - explained Head of Commodities and Crypto Index Products, Bloomberg Index Services Limited Jigna Gibb.
Despite the fact that kriptovalyuta and the precious metal have historically been uncorrelated with each other, providing long-term returns. In addition, the value of Bitcoin and gold reached new peaks in 2024, so many investors began to consider both assets as a store of value.
BBIG and BBUG aren't the first crypto indices from Bloomberg. The company offers indices for Bitcoin, Ethereum, and Solana (SOL), as well as the Bloomberg Galaxy Crypto Index (BGCI), which tracks the performance of the largest and most liquid cryptocurrencies. Another Bloomberg Galaxy Index DeFi (" CHALLENGE ") is designed to evaluate the performance of the largest decentralized finance protocols.
