BlackRock’s Crypto Boss Declares Bitcoin a Must-Have Asset
Wall Street’s trillion-dollar gorilla just threw its weight behind crypto—again. BlackRock’s digital assets chief made the case for Bitcoin as a portfolio staple, signaling institutional adoption isn’t slowing down.
Why TradFi Can’t Ignore the Orange Coin
Forget ‘alternative’ assets—BTC’s behaving like a macro hedge while eating gold’s lunch. The kicker? BlackRock’s own spot ETF now holds over $20B in BTC. Talk about eating your own cooking.
The Compliance Paradox
Funny how a firm that charges 0.25% for index funds suddenly loves an asset with zero management fees. Maybe those 8-figure Wall Street bonuses need a new funding source.
Bottom line: When the world’s largest asset manager starts shilling crypto, the smart money listens—even if their motives smell like quarterly targets.
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He added that BlackRock’s digital assets team has spent several years studying the asset’s behavior under various economic conditions, concluding that Bitcoin may serve as a long-term store of value, especially in diversified portfolios.
The firm sees BTC not only as a speculative asset, but as a serious contender in the modern financial landscape.
Mitchnick also highlighted the evolving narrative around Bitcoin, noting that its increasing integration into traditional finance is a reflection of growing institutional confidence. As products like spot ETFs gain traction, BlackRock’s analysis reinforces the belief that modest exposure to Bitcoin may enhance risk-adjusted returns for long-term investors.
