Bitcoin in BlackRock's Eyes: A Diversified Safe haven Investment Tool Different from Traditional Assets
After successfully launching a Bitcoin spot ETF, BlackRock recently released a detailed report outlining the unique position of Bitcoin among major asset classes.
The current market value of Bitcoin exceeds $1 trillion, and BlackRock's spot Bitcoin ETF launched earlier this year quickly accumulated $21 billion in managed assets due to strong market interest, making it one of the most successful ETFs in history.
In BlackRock's latest white paper, the institution explains why Bitcoin can become a "unique risk diversification tool" and why many investors find it difficult to compare it to "traditional assets" when analyzing Bitcoin. The report points out that the correlation between Bitcoin and US stocks or US dollar interest rates is often short-lived.
The uniqueness of Bitcoin makes it unsuitable for the definition of traditional financial frameworks. Although Bitcoin has had short-term fluctuations in conjunction with stocks, especially during periods of significant changes in US dollar real interest rates, its long-term correlation with stocks and bonds is low, and its historical returns are much higher than other major asset classes
In addition, BlackRock emphasized a key point when analyzing the performance of Bitcoin and the difficulty of predicting its price:
The correlation between Bitcoin and macro factors that affect most traditional asset classes is extremely low
This Wall Street giant points out that although Bitcoin remains a 'high-risk' asset class, it has outperformed all other major asset classes in seven out of the past decade. But at the same time, in the other three years, Bitcoin's performance was the worst. BlackRock explained in the report that:
The fluctuations in the price of Bitcoin partially reflect the evolving prospects of its widespread adoption as a global currency alternative over time,
Due to its apparent decoupling from global macroeconomic factors, Bitcoin can serve as a safe haven for some in geopolitical tensions. The report also points out that Bitcoin can provide protection in the event that the US federal deficit may lead to a weakening of the US dollar.
However, BlackRock emphasizes that Bitcoin still belongs to high-risk assets, but its source of risk is different from traditional investment assets, so the traditional definition framework of "risk assets" and "safe haven assets" does not apply to Bitcoin. Finally, BlackRock concludes:
"As the global investment community tries to cope with the growing geopolitical tensions, concerns about the US debt and deficit situation, and the growing global political instability, Bitcoin may be seen as an increasingly unique diversified investment tool to deal with some financial, monetary and geopolitical risk factors faced by investors, which may face other problems in the portfolio."
(责任编辑:货币)
- 请问光大银行信用卡分期怎么取消?
- 10月31日华泰柏瑞成长智选混合A净值增长0.29%,近3个月累计上涨18.57%
- Solana玩家必学:JLP APY预测原理及利率交易套利模式研究
- 比特币开始的价格
- 空壳公司如何报税做帐
- 公司自己员工演出费用入什么费用
- 详解MegaETH实时以太坊:新一代区块链的革命性应用
- 应税销售额具体是指什么
- 线上代理是什么意思 线上代理是什么意思啊
- 人人贷在哪提现?有提现的金额限制吗?
- 澳大利亚法官裁定比特币为货币而非资产
- 冷钱包市场-冷钱包市场的未来发展趋势是什么?
- 报告:90%的机构正在使用或探索稳定币的应用
- 10月31日西部利得祥运混合C净值增长0.09%,近3个月累计上涨1.37%
- 保险费能提前交吗?这样做是否可行?
- 浦发白金梦卡贷款额度究竟有多少?
- 360借条可以注销吗?应该怎么注销?我不想使用了。
- 怎么看企业是不是独立法人单位
- 10月31日华泰柏瑞量化智慧混合A净值增长0.10%,近3个月累计上涨15.49%
- 作废发票丢失如何处理
- 虚拟货币交易平台排名 views+
- okcoin下载官方app views+
- okx交易所app官网链接 views+
- 数字货币交易平台app views+
- 欧易正规 views+
- 欧易app官方下载入口 views+
- 亿欧app下载 views+
- 欧亿交易所怎么样。 views+
- okcoin交易平台 views+
- oe交易所app下载 views+