BlackRock, the world's largest investment asset manager, has once again come out in defense of the largest cryptocurrency. In a recent report, the firm claims that Bitcoin will reach $1 trillion in market capitalization. It also highlights the enormous profitability of the digital currency over the last few years.

In the report, called Bitcoin: A Unique Diversifier, the firm highlights some of the most important qualities of the digital currency. It also highlights the rapid adoption it enjoys among investors of all sizes. Thus, although it highlights the risks associated with volatility, it also highlights the high capacity to recover from bearish cycles.

The work places special emphasis on the performance of BTC over the last decade. In this sense, it highlights that the currency outperformed the rest of the important assets in 7 of the last 10 years. Meanwhile, it suffered 3 falls of more than 50% and from which it recovered at an outstanding speed.

They add that this is a unique quality to which we must add the fact that the path of this token is just beginning. All these elements generate a dynamic in which the market capitalization of Bitcoin will reach $1 trillion dollars.