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BlackRock, the world’s largest asset manager, has compared Bitcoin to stocks of major technology companies. According to the firm’s analysts, large investors should consider allocating 2% of their portfolios to the leading Cryptocurrency to take advantage of its potential returns.
This report, cited by Forbes, reinforces BlackRock’s stance towards Bitcoin as a strategic investment. The company’s experts highlight similarities between the risk profile of BTC and that of the stocks of the technology giants: Apple, Tesla, Amazon, Alphabet, Nvidia, Meta and Microsoft.
According to the analysis, there is a strong correlation between the performance of these technology companies and that of Bitcoin. However, this relationship is expected to evolve due to factors such as geopolitical tensions. This means that by 2025, Bitcoin could behave differently in the face of global events, differentiating itself from traditional stocks.
One of the key points of the report is that, as distrust towards traditional markets grows, interest in Bitcoin continues to rise. While BlackRock draws parallels with Big Tech, it also highlights Bitcoin’s unique advantages, such as its independence and resistance to centralized manipulation.
BlackRock reaffirms its confidence in the future of Bitcoin
BlackRock’s commitment to Bitcoin has been a key driver for the growing legitimacy of cryptocurrencies. Its launch of a Bitcoin spot ETF has funneled billions of dollars into the digital asset, marking a milestone in its institutional adoption.
The firm firmly believes that Bitcoin is transitioning toward being considered “digital gold,” moving away from the stigma of being a speculative asset. This positioning reinforces its strategy of massifying the institutional adoption of cryptocurrency.
However, not everyone shares the enthusiasm for Bitcoin. Recently, Microsoft shareholders rejected a proposal to allocate part of the company’s reserves to cryptocurrency. A similar response is anticipated from Amazon.
Despite these setbacks, other companies maintain their commitment to Bitcoin. In addition to BlackRock, firms such as MicroStrategy and Marathon continue to increase their BTC holdings.
On the political front, even former US President Donald Trump has expressed optimism about Bitcoin, suggesting it could reach $150,000 soon. In addition, his team has promoted the incorporation of Bitcoin into the country’s strategic reserves.
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