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:基金专题)
- ·以太坊新晋巨鲸 Abraxas Capital:单周吸筹超 27 万枚 ETH,Tether 的「神秘」大客户
- ·10月31日兴全趋势投资混合(LOF)净值下跌0.02%,近1个月累计下跌0.65%
- ·共绘MEA新金融蓝图,新加坡 “The Last Gold Mine of Web3”峰会圆满收官
- ·RWA周报|GENIUS稳定币法案进入正式审议阶段;美SEC发布加密货币经纪商监管新指南(5.14-5.20)
- ·不可错失的比特币超额收益机会
- ·火币转币
- ·货币钱包冷钱包-冷钱包买币
- ·10月31日交银先进制造混合C净值增长0.62%,近3个月累计上涨15.86%
- ·从两块披萨到大类资产:盘点比特币 16 年崛起路上的 27 位关键推手
- ·什么有什么台风
- ·比特币中国火币网
- ·10月31日国泰估值优势混合(LOF)A净值增长0.20%,近3个月累计上涨20.05%
- ·收到政府征地补偿款如何做账
- ·在线以太坊钱包-在线以太坊钱包生成
- ·请问简单借款靠谱么?最近想在简单借款上借款。
- ·芝麻交易所平台永续合约v6.0.8快速下载安装(芝麻交易所交易所6月内部版下载)
- · 欧易正规
- · 亿欧交易所下载
- · 0kx交易所官网
- ·欧易交易所下载
- · 虚拟货币交易平台有哪些
- · OK交易所官网入口登录
- · okx交易所app官网
- · okcoin下载官方app
- · ok币
- · 易欧app官网下载