Shinhan Investment Corp. has proposed a new asset-allocation model that includes a 2% Bitcoin allocation, replacing part of the bond share in a traditional stock-and-bond portfolio with gold and digital assets.

The proposed mix is 60% stocks, 30% bonds, 8% gold, and 2% Bitcoin. Shinhan Investment said the revision was based on the view that the diversification effect of the traditional 60% stock and 40% bond strategy has weakened.

Park Woo-yeol, the firm’s chief researcher, said stocks and bonds have continued to move in the same direction, reducing the value of the classic allocation approach. Under the new model, the bond allocation is cut by 10 percentage points, with that portion split into alternative assets.

According to the proposal, alternative assets would account for 10% of the portfolio, with gold taking 8% and digital assets 2%. Shinhan Investment said it reviewed assets with low correlation to stocks and bonds and suggested that a combination of gold and Bitcoin showed relatively favorable risk-adjusted performance in past analysis.

The firm described the allocation as a model built within a traditional portfolio framework and said further validation is still needed. The available information does not show that Shinhan Investment has executed the allocation itself or adopted it as a firm-wide investment position.

Why It Matters

The proposal adds to a broader shift in how established financial institutions discuss Bitcoin. Even a modest suggested weighting can carry significance when it appears inside a standard allocation framework, because it moves the conversation from directional exposure to portfolio construction and diversification.

It also highlights a growing challenge for traditional asset allocation models. If stock and bond correlations become less reliable, institutions may spend more time testing alternatives such as gold and digital assets for hedging and diversification roles, which could gradually widen the range of settings in which Bitcoin is considered.