Blackrock Says Bitcoin’s Role Is Evolving, Calls a 1%-2% Portfolio Allocation Appropriate
Key Takeaways Blackrock told advisors on June 23 that a 1%-2% bitcoin allocation can act as a complementary diversifier. The firm believes a 1%-2% weighting carries risk roughly similar to holding the “Magnificent Seven” tech stocks. Blackrock warned that the AI investment boom has been pulling capital from bitcoin, gold and other alternatives over the…
