After successfully launching a Bitcoin spot ETF, BlackRock recently released a detailed report outlining the unique position of Bitcoin among major asset classes.

The current market value of Bitcoin exceeds $1 trillion, and BlackRock's spot Bitcoin ETF launched earlier this year quickly accumulated $21 billion in managed assets due to strong market interest, making it one of the most successful ETFs in history.

In BlackRock's latest white paper, the institution explains why Bitcoin can become a "unique risk diversification tool" and why many investors find it difficult to compare it to "traditional assets" when analyzing Bitcoin. The report points out that the correlation between Bitcoin and US stocks or US dollar interest rates is often short-lived.

The uniqueness of Bitcoin makes it unsuitable for the definition of traditional financial frameworks. Although Bitcoin has had short-term fluctuations in conjunction with stocks, especially during periods of significant changes in US dollar real interest rates, its long-term correlation with stocks and bonds is low, and its historical returns are much higher than other major asset classes

In addition, BlackRock emphasized a key point when analyzing the performance of Bitcoin and the difficulty of predicting its price:

The correlation between Bitcoin and macro factors that affect most traditional asset classes is extremely low

This Wall Street giant points out that although Bitcoin remains a 'high-risk' asset class, it has outperformed all other major asset classes in seven out of the past decade. But at the same time, in the other three years, Bitcoin's performance was the worst. BlackRock explained in the report that:

The fluctuations in the price of Bitcoin partially reflect the evolving prospects of its widespread adoption as a global currency alternative over time,

Due to its apparent decoupling from global macroeconomic factors, Bitcoin can serve as a safe haven for some in geopolitical tensions. The report also points out that Bitcoin can provide protection in the event that the US federal deficit may lead to a weakening of the US dollar.

However, BlackRock emphasizes that Bitcoin still belongs to high-risk assets, but its source of risk is different from traditional investment assets, so the traditional definition framework of "risk assets" and "safe haven assets" does not apply to Bitcoin. Finally, BlackRock concludes:

"As the global investment community tries to cope with the growing geopolitical tensions, concerns about the US debt and deficit situation, and the growing global political instability, Bitcoin may be seen as an increasingly unique diversified investment tool to deal with some financial, monetary and geopolitical risk factors faced by investors, which may face other problems in the portfolio."

(责任编辑：基金工具)

• ·杠杆式股票-杠杆股票是啥
• ·10月31日招商均衡成长混合C净值增长0.32%，近3个月累计上涨4.81%
• ·南昌铁路公积金贷款额度是多少呢？想知道自己能贷多少额度。
• ·外币交易如何开始确认？
• ·手机莱特币挖矿软件
• ·10月31日兴银消费新趋势灵活配置A净值下跌1.32%，近6个月累计下跌4.87%
• ·日本亚马逊、乐天帮助乌克兰政府出售武器，震惊全国
• ·10月31日圆信永丰优悦生活混合净值下跌0.19%，近1个月累计下跌0.52%
• ·2018京东白条激活失败是为什么，我试了好几次都不行
• ·10月31日长城国企优选混合发起式A净值增长0.60%，近3个月累计上涨9.32%
• ·小蚁antshares价格
• ·10月31日招商企业优选混合A净值下跌0.89%，近1个月累计下跌3.71%
• ·火币网申请杠杆
• ·保健品增值税税率是多少
• ·im钱包钱包密码-im钱包密码是几位数?
• ·10月31日建信优选成长混合A净值下跌1.74%，近1个月累计下跌3.94%