{"id":17255,"date":"2024-09-25T11:51:45","date_gmt":"2024-09-25T08:51:45","guid":{"rendered":"https:\/\/forklog.com\/en\/blackrock-executive-describes-bitcoin-as-a-risk-free-asset\/"},"modified":"2024-09-25T11:51:45","modified_gmt":"2024-09-25T08:51:45","slug":"blackrock-executive-describes-bitcoin-as-a-risk-free-asset","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blackrock-executive-describes-bitcoin-as-a-risk-free-asset\/","title":{"rendered":"BlackRock Executive Describes Bitcoin as a Risk-Free Asset"},"content":{"rendered":"<p>The primary cryptocurrency is mistakenly classified as a risky asset, despite its frequent correlation with the stock market. This perspective was shared by Robert Mitchnick, head of BlackRock&#8217;s crypto division, in an interview with Bloomberg.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"BlackRock's Mitchnick on ETF Custody, Nasdaq Listing IBIT Options, Crypto-Stock Correlation\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/pou6SLHD7q0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>This category typically includes investments that show consistent returns in favorable market conditions of economic growth. Generally, these are shares of technology companies, certain commodities, and most digital currencies.<\/p>\n<p>Alternatively, there are investments that perform well during market uncertainty or economic downturns. These include, for example, gold, silver, government bonds, and the US dollar.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;If you look at it fundamentally, the drivers of bitcoin in the long term are very different from what will drive stocks and other so-called risky assets, and in some cases, these factors may even be inverse,&#8221; Mitchnick believes.<\/p>\n<\/blockquote>\n<p>According to him, the narrative regarding digital gold was created by the crypto community itself, which can partly be called an &#8220;own goal.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;When we talk about bitcoin, we think of it primarily as an emerging global alternative monetary right. It is a scarce, global, decentralized non-sovereign asset, not tied to any specific country and devoid of traditional counterparty risk,&#8221; Mitchnick emphasized.<\/p>\n<\/blockquote>\n<p>However, these same properties confuse investors, who mistakenly perceive them as risk factors, the expert acknowledged.<\/p>\n<p>Earlier, BlackRock specialists in an analytical report described the primary cryptocurrency as a &#8220;unique diversifier&#8221; and a tool for hedging global risks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The primary cryptocurrency is mistakenly classified as a risky asset, despite its frequent correlation with the stock market. This perspective was shared by Robert Mitchnick, head of BlackRock&#8217;s crypto division, in an interview with Bloomberg. This category typically includes investments that show consistent returns in favorable market conditions of economic growth. Generally, these are shares [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,865,1138],"class_list":["post-17255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blackrock","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17255"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17254"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}