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：宏观研究)

• ·建筑业如何缴纳印花税
• ·巴林 Al Abraaj 集团将比特币纳入其资产负债表
• ·达利欧：美联储处境艰难，不应当降息，警告「不合适的降息」后果
• ·VTC币今日行情
• ·2025 上海区块链国际周将于今秋 10 月再次启幕
• ·10月31日银河智联混合C净值增长0.69%，近3个月累计上涨23.33%
• ·火币网手机上怎么
• ·长期意外伤害保险到底是什么意思呢？
• ·硬件钱包桌面钱包-硬件钱包桌面钱包怎么删除
• ·10月31日国泰鑫利一年持有期混合A净值增长0.05%，近3个月累计上涨2.84%
• ·什么是以太坊轻钱包-以太坊钱包是什么意思
• ·银行股票大涨-为什么近期银行股票大涨
• ·手机贷上征信报告吗？对手机贷不是很清楚。
• ·bcx钱包备份和恢复-钱包备份后在哪里找
• ·火币网怎么杠杆
• ·什么是CN币