Major asset manager #BlackRock⁩ spoke at the Bitcoin 2024 conference.

Key points:

- BlackRock sees Bitcoin not as a simple “risk” asset, but as an asset with unique fundamental drivers and the potential to become a safe store of wealth.

-BlackRock clients show the most interest in BTC and a little in $ETH . There is virtually no interest outside of these two assets.

-ETF holders exhibit high levels of long-term asset holding.

-BlackRock's IBIT has only had one day of negative flows in the 6.5 months since launching in January. However, over time, the number of such days may increase.

-Despite the success of the $BTC ETF, it is not yet in great demand among institutions and consultants. The situation is expected to change later this year or next.

- Independent consultants typically allocate 2-3% of capital to #Bitcoin