$BTC
Has not owning Bitcoin become more dangerous than owning it? BlackRock hints at a radical shift
Bitcoin begins to decouple from technology stock movements, attracting the attention of institutional investors.
BlackRock sees that the digital asset could become a cornerstone in investment portfolios during the upcoming phase.
BlackRock's vision for digital assets is not limited to theoretical bets. Since January 2024, the company has launched a Bitcoin ETF under the name iShares Bitcoin Trust (IBIT), which has so far attracted over $57 billion, making it the largest in its field globally.
Eric Balchunas, a senior analyst at Bloomberg, comments that this fund "is often used by large financial institutions directly, which explains its enormous size in a short period."
This vision aligns with repeated statements from the company's CEO, Larry Fink, who considers Bitcoin to be "digital gold" and may eventually surpass the dollar, especially amid rising debt in the United States.
Perhaps the most significant conclusion drawn by Michink in his speech is that the discussion is no longer about how dangerous Bitcoin is, but about the risks of ignoring it. In light of stock markets being exposed to crises of inflation, debt, and geopolitical disturbances, Bitcoin may turn into an indispensable asset.