Bitwise has released a study suggesting investors allocate approximately 15% of their portfolios to both gold and Bitcoin. This strategy aims to hedge against the risk of declining dollar purchasing power due to federal debt and deficit expansion. The study conducted stress tests on major market downturns over the past decade, including 2018, 2020, 2022, and the 2025 tariff shock. Results indicate that gold offers more defensive qualities during downturns, while Bitcoin shows greater resilience during recoveries. The study concludes that holding both assets provides a more balanced approach to managing downturns and capitalizing on recoveries, rather than choosing one over the other.