🐳 Largest asset manager BlackRock spoke at the Bitcoin 2024 conference, highlights:

1️⃣ BlackRock views Bitcoin not as a simple “risky” asset, but as an asset with unique fundamental drivers and the potential to become an asset for safe storage of money.

2️⃣ BlackRock clients are primarily interested in BTC and a little in ETH. However, there is very little interest outside of these two assets.

3️⃣ ETF ​​holders demonstrate a serious degree of long-term hodl.

4️⃣ BlackRock's IBIT has only had one day of negative flows in the 6.5 months since launching in January. Over time the situation will change, most likely there will be more days with negative flows.

5️⃣ Bitcoin ETF is an extremely successful product, but it is not yet in demand among institutions or consultants. This will probably change later this year or later.

6️⃣ Independent consultants usually allocate 2-3% of their capital to Bitcoin.