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:黄金TD)
- ·火币bcc交易
- ·比特100交易软件
- ·我一直用微信交易转帐为什么没有微粒贷?
- ·Imrat 集团获得新产品优先使用权:Bybit 通过 Tether 稳定币推出直接股票交易
- ·okcoin与火币
- ·CoinEx Product Teaching | How to Participate in CoinEx Prediction Market and Earn Profit in Advance
- ·天气有时什么有时什么
- ·Vitalik:以太坊The Scourge阶段的关键目标
- ·51信用管家人品贷上征信吗?
- ·币圈Top 10交易平台应用排名
- ·蚂蚁借呗的最低利率是多少?
- ·PTS交易所
- ·美国游客称在伦敦乘坐假 Uber 后被盗,价值 12.3 万美元的比特币和 XRP
- ·带着什么祝福什么-带着什么祝福什么的成语
- ·汇算清缴人数平均值怎么算
- ·请问光大银行信用卡要面签了多久下卡啊?
- · 数字货币交易app
- · 易欧app官网下载
- · 加密货币交易所
- · 虚拟货币交易平台有哪些
- · 欧亿交易所怎么样。
- · 虚拟货币交易平台排名
- · 全球三大虚拟货币交易平台
- · 十大虚拟货币交易平台app
- · okx官方
- · 数字货币交易平台app
- ·InnoBlock 2024 圆满收官:引领 Web3 创新进程新高度
- ·长期未付款计算企业所得税如何处理
- ·Former Celsius CEO Alex Mashinsky may face 115 years in prison! Request to summon key witnesses for self-protection
- ·虚拟货币投资软件
- ·比特幣漲幅又回吐,ETH/BTC 匯率跌至 2021 年 4 月以來的新低
- ·贵州安顺什么时候晴-贵州安顺什么时候晴天啊
- ·火币联盟
- ·现在什么虚拟币最可靠
- ·莱特币怎么挖 莱特币怎么挖矿
- ·Helium IOT (IOT) 购买指南与交易所推荐