Bitcoin

Bitcoin appears almost exclusively as a satellite holding, with allocations ranging from 2% to 15% and most portfolios clustering around 5% to 13%. The most common companions are managed futures funds like DBMF, precious metals ETFs such as EGLN, SGLN, and 4RT8, and broad equity momentum funds like IWMO. Money market funds (XEON) and bond funds (SHRIX, CBE3) also appear frequently, especially in lower-volatility portfolios. The pattern suggests Bitcoin is used as a high-risk return enhancer layered on top of a core of trend-following commodities, gold, and fixed income, rather than as a standalone growth engine.

The dominant user, user-b8stsg, treats Bitcoin as a consistent 5% to 15% diversifier across a family of "Roa" and "Permanent" strategies, with the highest Sharpe ratios (1.94 and 1.92) achieved at just 5% and 13% allocations respectively. Their "roa originale" shows the most aggressive use at 15% Bitcoin, paired with 65% IWMO and 20% gold, delivering 32.1% annual returns but with a 32.6% drawdown. Other users like user-io8qur and user-qw0fu6 cap Bitcoin at 2% to 5%, prioritizing stability. The clear takeaway is that EuroFolio members view Bitcoin as a tactical risk-on kicker, not a core position, with the sweet spot around 5% to 13% to boost returns without destroying the Sharpe ratio or drawdown profile.