Is Bitcoin a good investment asset?

This dissertation aims to analyze the consequences of adding Bitcoin to an investment portfolio. The main methodology used is the Mean-Variance model combined with the Monte Carlo Simulation. Results show that Bitcoin can im-prove the Sharpe Ratio of an already diversified portfolio, however the inclu-sion of Bitcoin has to be done in proportions averaging 3.83% of the portfolio’s weight. This dissertation also found that Bitcoin does not seem to behave as a safe haven/hedge asset during the Covid-19 pandemic.