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Bloomberg, the global media and financial technology giant, has introduced new indices to help investors diversify their traditional investment portfolios.

These indices include the Bloomberg Bitcoin and Gold Equal-Weighted Index and the Bloomberg Dollar, Bitcoin and Gold Equal-Weighted Index.

Bloomberg also announced that 2024 was a big year for cryptocurrencies, with more than $220 billion in investment in the space. The new indices aim to combine Bitcoin’s growth with gold’s historical stability.

Jigna Gibb, Bloomberg’s head of commodity and cryptocurrency indices, said that the indices are expected to be the first of many combinations of commodities and digital assets. Some analysts believe that despite the near-zero correlation between Bitcoin and gold, Bitcoin tends to follow gold's movement after periods of divergence.