BlackRock Suggests Allocating 1-2% of Traditional Portfolios to Bitcoin
BlackRock, the world's largest money manager, has released a report suggesting that Bitcoin should account for 1-2% of traditional investment portfolios. This would position Bitcoin similarly to companies like Nvidia, Amazon, or Apple, despite having little utility other than as a speculative asset. BlackRock manages over $11.5 trillion in assets, and allocating just 1% of its equity assets to Bitcoin would equate to about $50 billion in net new demand for the digital asset. The report also notes Bitcoin's historically low correlation to traditional markets and suggests that its excessive volatility makes higher weighting imprudent.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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