#Quick: BlackRock says allocating up to 2% of portfolio to Bitcoin is a "reasonable range".

BlackRock, the world's largest asset management company, has stated that it considers allocating up to 2% of its capital to Bitcoin to be a "reasonable range". This proposal is presented as part of the strategy of increasing trust in digital currencies and improving risk management in portfolios. BlackRock CEO Larry Fink recently described Bitcoin as a reliable store of value asset that can protect capital against economic and geopolitical uncertainty, similar to gold but with a more limited supply.

In addition, BlackRock has recently launched its Bitcoin ETF, which has been widely welcomed by investors and has strengthened Bitcoin's place in institutional investment strategies.#