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BlackRock Highlights Bitcoin's Unique Properties, Believes BTC is Risk-Off in the Long Term

The article highlights several key points about Bitcoin's performance, volatility, and correlation with other assets. It mentions that Bitcoin has seen a 22% increase since the Yen carry trade unwind, outperforming gold and the S&P 500. It also notes that over 65% of the circulating supply of Bitcoin has remained unmoved for over a year, indicating long-term holders with a belief in its store of value. The article discusses a report from BlackRock that examines Bitcoin as a unique diversifier and identifies its fundamental properties, volatility, potential as a flight-to-safety option, and long-term adoption potential. It also highlights Bitcoin's decreasing volatility over time, making it attractive to more sophisticated investors. Furthermore, the article mentions that Bitcoin has a low correlation with US equities, and tends to outperform other risk-on assets after major geopolitical events.

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