BlackRock Recommends Bitcoin Allocation in Portfolio Mix

TLDR BlackRock recommends allocating 1%–2% of portfolios to Bitcoin. The firm describes Bitcoin as a complementary portfolio diversifier. Michael Gates said a modest allocation can improve return potential without dominating risk. BlackRock added the iShares Bitcoin Trust (IBIT) to its model portfolios. IBIT manages nearly $49 billion in assets and holds over 765,000 BTC. BlackRock [...]

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