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According to the world’s largest asset manager, BlackRock, it is recommended that investors allocate a mere 1-2% of their portfolio to Bitcoin. This conservative approach comes as no surprise given the volatility and lack of cash flows inherent in the cryptocurrency market.
In a recent report, BlackRock compared investing in Bitcoin to holding top tech stocks – a potentially lucrative yet inherently risky move. The authors of the report, Samara Cohen, Paul Henderson, Robert Mitchnick, and Vivek Paul, highlighted Bitcoin’s history of dramatic price surges and severe selloffs as a major risk factor.
While some may view this recommendation as overly cautious, it is essential to note that BlackRock’s stance on Bitcoin is not entirely new. The company has long emphasized the need for investors to approach the cryptocurrency with measured expectations. This latest report merely reinforces its stance.
What does this mean for investors? In essence, BlackRock is recommending a gradual and strategic entry into the cryptocurrency market rather than an aggressive one.
Source: bravenewcoin.com
