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：创业研究)

• ·USDT哪个平台可以交易 数字交易平台排行榜usdt
• ·核保失败是什么意思？如何避免这种情况发生？
• ·Genesis起诉母公司DCG追回超10亿美元转账
• ·什么是一般纳税人
• ·上次该指标转为看涨时 以太坊价格上涨了 90%
• ·10月31日新沃通盈灵活配置混合净值增长1.01%，近3个月累计上涨14.92%
• ·共生钱包创建钱包-共生钱包怎么交易
• ·DigiAsia 公布 1 亿美元比特币计划，FAAS 股价因大胆押注飙升 91%
• ·手机无限币挖矿软件
• ·股票差价计算
• ·苏州住房公积金贷款申请需要哪些材料？不是很清楚。
• ·10月31日易方达医疗保健行业混合C净值下跌1.08%，近1个月累计下跌7.79%
• ·网上申请手机贷的流程是什么，有人知道手机贷的流程吗？
• ·比特币2009年怎么买
• ·火币网提币恢复
• ·ADA 价格跌破 0.74 美元，交易所资金流出情况与 2021 年牛市前相似