CandleFocus BlackRock Says Bitcoin a ‘Unique Diversifier’ Amid Geopolitical, Fiscal and Political Risks
2024-09-20
Author: Content Editor
Finance giant BlackRock has released a report stating that Bitcoin offers investors a unique investment opportunity and can act as a hedge against mounting debt and other macroeconomic concerns in the United States. The report highlights the appeal of alternative reserve assets amid worries about the impact of US federal deficits and debt on the dollar. BlackRock's iShares Bitcoin Trust (IBIT) launched earlier this year, allowing traders to gain exposure to Bitcoin without actually purchasing it. Bitcoin's current price is $62,098, with a 4% increase in the last 24 hours.
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