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:商业)
- 火币网币预测
- 加密货币是否偏离了价值?特朗普对加密行业是好是坏
- 广发车主卡为什么不能分期啊?
- 以色列4月穿什么衣服
- 纽约市市长埃里克·亚当斯宣布成立加密货币咨询委员会
- Algorand (ALGO) 哪里可以买?推荐交易平台一览
- 火币视频
- BankSocial 首席执行官:XRP 的潜力需放大 10 亿倍,或将颠覆全球金融格局
- 火币网和云币网
- filecoin交易所下载
- Brock Pierce 确认出演全球首部加密主题沉浸式戏剧 Decode: Legacy
- PayFi 协议 PolyFlow 携手 Solana Attestation Service 共建下一代消费者支付网络
- 借呗怎么提额?借呗的额度比较低,怎么提高啊?
- 北斗龙头股票
- 算力gh等于多少g
- 从 0 到 1 的品牌革命:a16z 的品牌专家教你如何在 Web3 中脱颖而出
- 特斯拉比特币储备超12.5亿美元:机构投资如何引领加密货币未来
- 为什么说资产等于权益加负债
- 卖废品的收入怎么做会计分录
- 波币 (WAVES)怎么买?波币 (WAVES)在哪里买卖交易?
- 虚拟货币交易平台有哪些 views+
- 欧易开户 views+
- okcoin下载官方app views+
- 加密货币交易所 views+
- okcoin交易平台 views+
- okx官方 views+
- 0kx交易所官网 views+
- 欧易正规 views+
- 虚拟货币交易平台排名 views+
- 虚拟货币交易平台排名 views+