Crypto currencies are a new appearance at the intersection between technology and finance. Since finance, and asset management in particular, are relatively entrenched regarding asset classes, it is of particular interest, which impact a new asset class would cause on existing asset allocation models. This work is intended to explore the effect an allocation of crypto currencies would have on traditional investment portfolios. Due to the current low-interest rate environment, combined with the recent COVID-19 pandemic, investors are keen to explore new or alternative investment opportunities. At the same time, crypto currencies are attracting growing attention and are perceived not only as a currency but also as an asset class. Therefore, exploring if an allocation of crypto currencies could provide advantages to interested investors and show a new perspective on traditional asset allocation models.