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：理财)

• ·过去4小时全网爆仓3.43亿美元，主爆多单
• ·软件钱包比特币
• ·以太投资平台
• ·比特币跌至1个月新低！报道称BIAN美国可能涉嫌虚假交易
• ·比特币上涨趋势有望达到 11.4 万美元——支撑 BTC 上涨的两个关键因素
• ·欧意易欧义还能吗 欧义
• ·Cetus 协议遭受 2.6 亿美元黑客攻击 – 安全危机导致 SUI 下跌 15%
• ·如果在迈克尔·塞勒公司首次购买比特币时投入2000美元，如今回报已超过800%
• ·知产链ico价格-知产链ipc最新消息
• ·火币网莱特币
• ·林园买的股票-林园买的股票有哪些
• ·联合国欢迎伊斯坦布尔会谈推动乌克兰停火
• ·Web2 的开发者，如何进入 Web3？
• ·欧意交易所官网地址(v6.1.31)_欧意交易所是用资金账户提现到微信么
• ·隱形基建03期｜對話OKX Web3團隊：相容百鏈百態，讓用戶「上手即用」
• ·yec行情