Flash explanations have arrived about Bitcoin from Blackrock! “If this happens, it becomes risky not to have the real BTC”

Blackrock, the world’s largest asset manager, Bitcoin’in (BTC) He said that he started to play a more critical role in corporate investment portfolios.

Robbie Mitchnick, the head of the company’s Digital Asset Unit Unit, said that if Bitcoin breaks out of the correlation with technology shares, it will be more risky to not own BTC ”.

Mitchnick, “Bitcoin’s correlation with technology shares will be a critical determinant for corporate investors. If Bitcoin acts as a share of technology, it will not be very interesting for these institutions. But if it shows a low or negative correlation, that is, it can become a very important asset for many institutional portfolios if it can remain stable in moments of sudden risk decrease.

Bitcoin supporters argue that BTC has begun to decompose from stocks and moves with lower volatility, indicating that Bitcoin pointed out the identity of the “safe port” identity. This contributes to its positioning as a similar entity.

Bal Bloomberg ETF analyst Eric Balchunas, who directed the panel with Blackrock representative Mitchnick, commented, “Great institutions are in search of digital gold. A means of protection against inflation and market fluctuations, they want an indestructible currency.”

Larry Fink, CEO of Blackrock, has long been describing Bitcoin as “digital gold ve for a long time, and this discourse has been at the center of the company, which has initiated the company in January 2024 and has receiving an introduction of approximately $ 57 billion so far.

*It is not an investment advice.