After successfully launching a Bitcoin spot ETF, BlackRock recently released a detailed report outlining the unique position of Bitcoin among major asset classes.

The current market value of Bitcoin exceeds $1 trillion, and BlackRock's spot Bitcoin ETF launched earlier this year quickly accumulated $21 billion in managed assets due to strong market interest, making it one of the most successful ETFs in history.

In BlackRock's latest white paper, the institution explains why Bitcoin can become a "unique risk diversification tool" and why many investors find it difficult to compare it to "traditional assets" when analyzing Bitcoin. The report points out that the correlation between Bitcoin and US stocks or US dollar interest rates is often short-lived.

The uniqueness of Bitcoin makes it unsuitable for the definition of traditional financial frameworks. Although Bitcoin has had short-term fluctuations in conjunction with stocks, especially during periods of significant changes in US dollar real interest rates, its long-term correlation with stocks and bonds is low, and its historical returns are much higher than other major asset classes

In addition, BlackRock emphasized a key point when analyzing the performance of Bitcoin and the difficulty of predicting its price:

The correlation between Bitcoin and macro factors that affect most traditional asset classes is extremely low

This Wall Street giant points out that although Bitcoin remains a 'high-risk' asset class, it has outperformed all other major asset classes in seven out of the past decade. But at the same time, in the other three years, Bitcoin's performance was the worst. BlackRock explained in the report that:

The fluctuations in the price of Bitcoin partially reflect the evolving prospects of its widespread adoption as a global currency alternative over time,

Due to its apparent decoupling from global macroeconomic factors, Bitcoin can serve as a safe haven for some in geopolitical tensions. The report also points out that Bitcoin can provide protection in the event that the US federal deficit may lead to a weakening of the US dollar.

However, BlackRock emphasizes that Bitcoin still belongs to high-risk assets, but its source of risk is different from traditional investment assets, so the traditional definition framework of "risk assets" and "safe haven assets" does not apply to Bitcoin. Finally, BlackRock concludes:

"As the global investment community tries to cope with the growing geopolitical tensions, concerns about the US debt and deficit situation, and the growing global political instability, Bitcoin may be seen as an increasingly unique diversified investment tool to deal with some financial, monetary and geopolitical risk factors faced by investors, which may face other problems in the portfolio."

(责任编辑：基金工具)

• ·產業發展令人失望！Crypto 正面臨大規模的「消極與擺爛」
• ·宁夏银川气候怎么样
• ·Magic Eden 与 Spark 合作，提供快速、廉价的比特币结算
• ·17年台风什么时候来
• ·股票配送后-股票配送后股价
• ·btc交易所平台排名_柴犬币交易平台
• ·股票智能交易软件
• ·10月31日浦银安盛安弘回报一年持有混合A净值下跌0.05%，近6个月累计下跌1.21%
• ·LBA币今日行情价格-lba币价格今日行情走势
• ·即时行情收益
• ·股票冠军侯-小说冠军侯
• ·OKX交易所官网_欧意下载地址
• ·Fold 推出比特币礼品卡，率先在美国零售礼品卡市场推出比特币
• ·以太币钱包使用-以太币钱包使用教程
• ·火币HTX携手HTX DAO共庆比特币披萨节，开启Web3全球化共识新篇章
• ·10月31日金信价值精选混合A净值增长0.80%，近3个月累计上涨15.16%