BlackRock states that crypto, particularly Bitcoin, is gradually decoupling from U.S. tech stocks, especially in the context of increasing global instability.

In the short term, assets may fluctuate, but in the long term, Bitcoin has a low correlation with stocks and bonds, and often increases in value during periods of geopolitical uncertainty.

The trend of diversifying assets away from the dollar, towards gold and Bitcoin, has been happening for many years, particularly after the event of Russia's asset freeze in 2022.

BlackRock identifies "geopolitical fragmentation" as a major driver for capital flows into alternative assets like Bitcoin in the decades to come.