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：个股)

• ·bcc比特币价格
• ·当Dogecoin价格达到3美元时，如何实现百万富翁梦想
• ·公积金贷款额度是放宽了吗，公积金贷款额度如何计算？
• ·OpenAI CFO：收购io公司，押注未来计算新时代
• ·苏州住房公积金贷款申请需要哪些材料？不是很清楚。
• ·「每个人都疯了」：2024 年美国大选引发加密行业内斗
• ·亚洲缺少什么什么气候
• ·买莱特币哪个平台好 买莱特币哪个平台好一点
• ·火币网怎么看
• ·比特币轻量级钱包
• ·个体工商户核定征收需要申报汇算清缴吗
• ·2022靠谱的欧意易易易易币BNB交易平台推荐（最新排名）
• ·手机贷上征信吗,手机贷是会影响到芝麻信用吗？
• ·个人所得税abc表有什么区别
• ·聯準會一口氣降息兩碼！鮑威爾強調：經濟沒有衰退，只是「重新調校」
• ·SNT是什么币？SNT币官网及交易平台全面介绍