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)
- ·20 个项目方亲述,Monad 如何捕获他们的心?
- ·Coinbase下场入局封装比特币,市值跃升第三却陷透明度争议
- ·主营业务收入借贷方向表示什么
- ·LINK币进一步下跌 看跌压力增加
- ·在拍拍贷上做小额贷款,请问容易贷吗?
- ·比特币在哪个国家合法 比特币在多少个国家合法
- ·火币网合法吗
- ·美联储降息,我们的资产配置该如何调整?
- ·青岛市的住房公积金贷款的利率是多少呢?
- ·加密货币市值全面复苏 分析师预测或将上涨23%
- ·资金回正是什么意思
- ·wdc币今日价格-智慧地球wdc币今日价格
- ·以太坊币钱包下载
- ·市场的结构性转变将会给USDT带来麻烦吗
- ·社保申报表下的工资总额怎么填
- ·交易平台跑路
- · 全球三大虚拟货币交易平台
- · 虚拟货币交易平台排名
- · OK交易所官网入口登录
- · okx交易所app官网链接
- · 易欧app官网下载
- · 欧亿交易所怎么样。
- · 数字货币交易平台app
- · 数字货币交易所
- · 亿欧app下载
- · 十大虚拟货币交易平台app