At the largest digital asset conference in South America, DAC2024, two leading financial groups, BlackRock and CME Group, shared their strategic views on Bitcoin and the future of the crypto market:
BlackRock:
Suggests that investing about 5% of the portfolio in Bitcoin is a good way to balance investment risks.
Encourages holding Bitcoin for more than 3 years to limit short-term fluctuations and optimize long-term profits.
Investing 1-3% in digital assets is considered a reasonable level for individual and institutional investors.
Expect Bitcoin price volatility to gradually decrease as the market develops and becomes more stable.
CME Group:
August recorded a record crypto trading volume at CME, indicating strong market growth.
The cash and carry strategy with Bitcoin futures is attracting great attention from investors.
Looking into using Bitcoin and digital assets as collateral in contracts, but need more time to complete the legal and operational processes.
Considering partnering with Fireblocks to deploy Bitcoin payment solutions in the future.
Both BlackRock and CME Group have expressed positive views and confidence in the long-term growth potential of Bitcoin and the crypto market, indicating a strong shift of large financial institutions into this field.
