Oddbean new post about login | logout ARK Invest has recommended a significant 19.4% allocation to Bitcoin for institutional investors, aiming to maximize risk-adjusted returns. Over seven years, Bitcoin has delivered an annualized return of 44%, far surpassing the average return of 5.7% from major traditional assets. The proposed allocation of 19.4% in 2023 marks a significant increase from the mere 0.5% allocation suggested in 2015.