BlackRock recommends Bitcoin for its own crypto portfolio

https://en.cryptonomist.ch/2024/10/10/blackrock-recommends-bitcoin-for-its-crypto-portfolio-the-hedge-against-inflation/

6 Comments

  1. tldr; BlackRock has recommended Bitcoin as a valuable addition to investment portfolios, highlighting its potential as a hedge against inflation. At a conference in Brazil, BlackRock praised Bitcoin’s long-term appreciation and institutional legitimacy, suggesting a 1% to 3% exposure in portfolios. Despite its volatility, Bitcoin is seen as a strong alternative to traditional assets like gold and bonds. BlackRock offers exposure to Bitcoin through spot ETFs, which have gained significant investment interest, reflecting the growing acceptance of cryptocurrency in institutional finance.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  2. Blackrock is buying hundreds of millions of dollars of Bitcoin a day then shill it everywhere

    What a time to be alive