Today I saw Reuters reporting #贝莱德 ’s official views and investment recommendations, which are relatively objective. They mainly mentioned the concept of #BTC☀ ’s asset allocation, and that institutional investment in Bitcoin may suppress some of the volatility of BTC, and will also Reduce the return on investment in Bitcoin.

The Investment Research Institute of BlackRock issued a report saying: BlackRock recommends that investors should not exceed 2% of their total investment if they invest in Bitcoin. In this regard, many investors in our crypto market may have exceeded the limit. Ryder makes suggestions more from the perspective of asset allocation concepts. This recommendation is based on considerations of the risk characteristics of Bitcoin and its role in a diversified investment portfolio. In a standard 60/40 stock and #债券市场 portfolio, giving Bitcoin a 1% to 2% weighting would yield a similar risk share to the so-called "Big Seven Tech Stocks." This means that although Bitcoin is known for its high volatility, in the right proportions it can be used as part of an investment portfolio to provide a diversified source of risk.

Broader participation by institutional investors in Bitcoin investment may dampen some of its volatility. While this may allow investors to increase the size of their allocations, it may also reduce Bitcoin’s returns since its inception. According to #coinank data, BTC’s quarterly return since 2013 is as shown below.

Going forward, if Bitcoin does achieve widespread adoption, investing in it may become less risky, but at that point, Bitcoin may no longer have the structural catalyst for further significant gains.