Analysts from Blackrock, one of the world’s largest asset managers have suggested that 1% to 2% of portfolios should be allocated to Bitcoin.
Blackrock is one of the 12 asset managers to go into spot Bitcoin Exchange Traded Funds and the firm is doubling down on its decision to go into cryptocurrency citing a favorable climate ahead for the industry.
Analysts at Global Asset Managers BlackRock have suggested that 1% to 2% of traditional 60/40 portfolios should comprise Bitcoin.
Blackrock released a report offering deep insights and guidelines to stakeholders on how to add Bitcoin to their portfolios.
Favorable developments like the victory of Donald Trump who is largely perceived as Pro crypto in the polls and his following crypto-friendly nominations helped push bitcoin past the 100,0000 USDT mark.
Bitcoin surpassing its all-time high triggered massive institutional inflow which was reflected in the ETF market. Blackrock’s ETF alongside other ETFs pulled in Billions during the…