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：经济数据)

• ·差额纳税的一般纳税人可以抵扣进项吗
• ·狗狗币(DOGE)暴涨37%，分析师称0.36美元或成关键阻力位，未来潜力可期
• ·The Federal Reserve cuts interest rates by two codes in one go! Powell emphasizes that the economy is not in recession, it is just being 'recalibrated'
• ·火币网分摊
• ·速览 Vana：VC 三巨头齐聚的 AI 项目，主打数据 DAO 但先玩起了点击挖矿（附参与教程）
• ·怎么买入开盘涨停的股票
• ·Republican congressman demands SEC chairman to explain his stance on 'token airdrops'
• ·韩国演员黄正音因挪用300万美元投资加密货币引发舆论风波
• ·怎么做儿童密码钱包
• ·云币网交易平台app
• ·Republican congressman demands SEC chairman to explain his stance on 'token airdrops'
• ·固定资产折旧年限是多少
• ·2025中国数字货币交易所_正规前10名币圈交易所排名
• ·收益碾压空投赛道，撸毛不如撸 alpha？
• ·想问问广发车主卡积分规则是什么啊？
• ·qtum量子链挖矿软件