BlackRock pushes Bitcoin spot ETF!

BlackRock emphasizes that compared with gold and US bonds, Bitcoin's fixed supply, decentralized governance, and lower correlation with traditional assets all indicate that Bitcoin is suitable as an antagonist to government trust issues and a hedge against fiat currency depreciation.

In the asset correlation section, data shows that the correlation coefficient between Bitcoin and gold is 0.1; the correlation coefficient with the S&P 500 index is 0.2, which is statistically "low correlation", indicating the independence of Bitcoin as a safe-haven asset; in addition, BlackRock pointed out the downward trend of the US dollar since 1913 to illustrate the unreliability of fiat currency. Through the Bitcoin spot ETF they provide, BlackRock will be able to reflect the long-term value of Bitcoin, thereby enabling customers to obtain better returns in the investment market.

#ETF✅ #加密市场反弹 #美SEC对Ripple案裁决提出上诉 #9月小非农数据高于预期 #美国8月核心PCE创4月以来新高