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：风向标)

• ·日本长期国债收益率升至多年新高
• ·10月31日博时创新经济混合C净值增长0.79%，近3个月累计上涨12.38%
• ·LBank 荣登 CoinGecko 全球十大加密交易所，百倍币比例位居第一
• ·meme币交易中心手机app最新版 meme币比安卓手机平台软件
• ·合同资产会计分录怎么做
• ·巴西商界领袖将比特币的力量比作核反应堆
• ·比特币价格分析：当前回调是否为历史新高前的最后契机？
• ·外币财务报表折算方法的缺点有哪些？
• ·The DeFi project supported by the Trump family confirmed the rumor of issuing coins: no pre-sale, non transferable, 63% public sale
• ·10月31日广发价值领先混合A净值下跌0.23%，近1个月累计下跌3.14%
• ·递延所得税资产适用的税率是多少
• ·首华燃气第五大股东西藏科坚企业管理有限公司减持251.63万股
• ·金税盘自动清卡还要去报税吗
• ·当日比特币价格-比特币价格日k
• ·火币打不开
• ·火币网费率高