Asset manager BlackRock sent a 9-page document to its clients on Sept. 18 that portrays Bitcoin (BTC) as a “unique diversifier” for portfolios. The document highlighted the characteristics that make Bitcoin distinct from traditional asset classes on any long-term basis and suggested a “modest allocation.” Although BTC moves with equities in the short term, as […]
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BlackRock calls Bitcoin a ‘unique diversifier’ in document sent to clients