Why is Bitcoin a “unique diversifier” for $10.5 trillion asset manager BlackRock? 🚨
BlackRock, the world’s largest asset manager, highlighted that Bitcoin has outperformed gold and the S&P 500 during times of geopolitical instability. 🥇📉In a new report, the company presented Bitcoin as an important alternative “in times of fear and geopolitical crises”. 🌍🔥🔑 What makes Bitcoin unique?- Scarcity: There is a limited amount of Bitcoin.
- Non-sovereign: It is not controlled by governments.- Global: It is available worldwide.- Decentralized: It does not depend on a single authority.These characteristics make some investors see Bitcoin as a “safe haven” option when the global scenario becomes unstable.
🚀💡💬 "Although BlackRock has only been offering $BTC products since 2022, we have spent years studying and monitoring the asset. We believe that Bitcoin has unique risks and returns, different from traditional assets, and is uncorrelated over the long term," said BlackRock executives.
Bottom line: Bitcoin offers a different way to diversify investments, especially in difficult times! 💼💰
