Grayscale, a crypto asset management company, stated that the record-high share of equities in US household financial assets could turn the cryptocurrency market into a new portfolio diversification opportunity.

According to Grayscale’s assessment, approximately 46 percent of US household financial assets are currently held in stocks. The company also noted that price-to-earnings ratios for stocks are historically close to high levels. This means that the risks associated with investor portfolios being concentrated in a single asset class may increase.

In contrast, Grayscale argued that the cryptocurrency market is in a different position. According to the company, after a prolonged bear market, a significant portion of the leverage…