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Blackrock Exec Debunks Bitcoin Myths: ‘It’s Not a Risk-on Asset’

Author: Content Editor
In a recent conversation with Yahoo Finance, Blackrock's head of digital assets, Robert Mitchnick, clarified that bitcoin should not be considered a "risk-on asset." He stated that while bitcoin is indeed a risky asset due to its volatility and regulatory uncertainty, it is fundamentally different from assets like stocks that are typically categorized as risk-on. Mitchnick emphasized that this distinction is crucial for institutional investors and wealth advisors to understand, as it redefines bitcoin's role in investment strategies. He highlighted that bitcoin's potential as a diversifier and hedge against macro risks makes it a valuable addition to portfolios. This perspective signals a shift in how institutional players may view bitcoin, potentially leading to broader adoption and a reassessment of its strategic importance in modern portfolios as Blackrock expands its crypto initiatives.

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