BlackRock CEO Larry Fink acknowledges Bitcoin's potential as a portfolio diversifier and hedge against risks.

BlackRock, managing over $10 trillion, has released a report positioning Bitcoin as a unique portfolio diversifier. CEO Larry Fink, who previously dismissed Bitcoin, now acknowledges its potential as a hedge against fiscal and geopolitical risks. Despite its volatility, Bitcoin shows low correlation with traditional assets and higher historical returns. BlackRock's Bitcoin ETF has also gained significant traction, reflecting a shift in traditional finance's view on cryptocurrency.

September 19, 2024
12 Articles