BlackRock said Bitcoin’s investment case remains intact even after a roughly 50% price pullback. The firm also said that allocating 1% to 2% of Bitcoin in a traditional 60/40 portfolio could still improve risk-adjusted returns. The comment comes after BlackRock launched Bitcoin ETF products, and it was reported by Cointelegraph. As the world’s largest asset manager, BlackRock’s latest stance again signals that it continues to view Bitcoin as a portfolio allocation tool rather than only a trading asset.
BlackRock said Bitcoin’s investment case remains intact after a roughly 50% price drawdown.
The firm also said that adding 1% to 2% Bitcoin exposure to a traditional 60/40 portfolio could still improve risk-adjusted returns.
It was another sign of how the world’s largest asset manager continues to frame Bitcoin as a portfolio allocation tool. BlackRock has already launched Bitcoin ETF products.
Cointelegraph reported the comment.
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