8 months ago
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ARTICLE AD BOX
The world’s largest asset manager, BlackRock, has made a very compelling case for Bitcoin. The asset manager asserted that the flagship crypto shares a similar risk profile to the magnificent seven stocks and recommended that investors allocate up to 2% to BTC.
BlackRock Makes Compelling Case For Bitcoin
Forbes reported about a recent research report by BlackRock, which made a case for why investors should look to invest in the flagship crypto. The report, written by the firm’s analysts, stated that Bitcoin offers a risk profile similar to that of the Magnificent Seven firms (Apple, Amazon, Tesla, Nvidia, Meta, Google, and Microsoft).
In line with this, these analysts determined that a 1% to 2% allocation to Bitcoin brings about a similar risk profile to these stocks. Meanwhile, the asset manager highlighted the correlation between BTC and these traditional assets but suggested that there might be a divergence soon enough.
BlackRock claimed that this will happen because of factors such as the global fragmentation of the financial system, growing geopolitical tensions, a lack of confidence in the financial system, and growing deficits.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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