Cryptocurrency as a Shelter - BlackRock Sees Bitcoin as a Salvation During Dollar Weakening
BlackRock, the largest global investment company, has expressed concerns about the strength of the dollar and the future of traditional financial markets. The American investment fund evaluates such factors as inflation, government debt and global economic trends and sees risks for the national currency.
BlackRock's position may influence the decisions of other investors and traders, who may begin to reallocate their assets in search of more stable and reliable instruments for preserving capital. It can also highlight the importance of reviewing your investment portfolio as quickly as possible to protect against potential risks.
Boeing, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon hold over 40% of the arms market. And it is in these productions that the investment company BlackRock, already familiar to us, is actively investing.
Perhaps the cryptocurrency market serves as a kind of lifeline for BlackRock because with the further dollar weakening Bitcoin will become a reliable support.
