📉📈 Is Bitcoin Becoming a Low Beta Asset? BlackRock & VanEck Weigh In at Token2049 Dubai!
According to PANews, Robert Mitchnik, Head of Digital Assets at BlackRock, shared bold insights during Token2049 Dubai — hinting that Bitcoin (BTC) could evolve into a low beta asset thanks to reflexivity!
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🔍 What’s the Buzz?
Despite lacking strong fundamental backing, market-wide belief could make this idea a self-fulfilling prophecy
Recent U.S.-China trade tensions saw stocks dip while BTC stayed steady, further backing this view
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💰 ETF Flows Speak Loud:
In the last 10 trading days, BTC spot ETFs saw over $3B in net inflows
BlackRock’s IBIT led the pack with the largest share
Mitchnik highlighted that more long-term holders are locking in BTC
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🗣️ What Others Are Saying:
Jan van Eck, CEO of VanEck, noted:
“If BTC’s correlation with traditional markets weakens further, more investors might choose to HODL it long term!”
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🚀 Why It Matters:
Could Bitcoin become the new 'safe haven' asset in a volatile world?
The shift from high-risk to low-beta might redefine its role in global portfolios.
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What do you think — is Bitcoin entering a new era?
Drop your take in the comments!
#Bitcoin #BTC #BlackRock #VanEck #Token2049 #DubaiCrypto #ETFs
