BlackRock's $11.5 Trillion AUM Recommends 1-2% Bitcoin Allocation

BlackRock Inc., the world's largest asset manager with $11.5 trillion in assets under management, has recommended that investors consider allocating up to 2% of their portfolios to Bitcoin. This recommendation comes from a research report by the BlackRock Investment Institute titled 'Sizing Bitcoin In Portfolios,' which compares Bitcoin's risk profile to that of the 'Magnificent Seven' technology stocks, including Apple, Amazon, Meta, and Google. The report, authored by BlackRock's Chief Investment Officer for ETFs and Index Investments, Samara Cohen, suggests that Bitcoin, despite its volatility, offers unique benefits as a portfolio diversifier due to its historically low correlation with traditional markets. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io