BlackRock Sees Bitcoin Maturing Into a Low-Beta Safe Haven Asset
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Wall Street’s institutional embrace of Bitcoin takes another leap forward as BlackRock’s Mitchnik suggests BTC could evolve into a low-beta equity play—just as traditional finance finally stops pretending they ’don’t get it.’
Subheader: The Institutionalization Acceleration
With volatility dampening and correlation patterns shifting, Bitcoin’s transformation from casino chip to macro asset gains credibility—though skeptics will still call it ’digital gold for hedge fund bros.’
Subheader: The Irony of Mainstream Adoption
As BlackRock et al. stack SATs, the original cypherpunk vision fades—replaced by the poetic justice of Wall Street pumping bags they once mocked. The ultimate financial revenge story.
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