Bitcoin Has No Label but Its Closest Rival Is Gold, BlackRock Exec Says
BlackRock views Bitcoin as a portfolio diversifier and gold alternative; ETF investors held steady, while Ethereum underpins stablecoins, DeFi and
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The next crypto bull market is likely to be driven by blockchain and traditional finance convergence. HYPE and HOOD are the early leaders while winners in next cycle could be Uniswap, Aave, Morpho, Coinbase, Figure, BlackRock, Visa.
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BlackRock views Bitcoin as a portfolio diversifier and gold alternative; ETF investors held steady, while Ethereum underpins stablecoins, DeFi and
BlackRock is launching target-date mutual funds through Great Gray Trust that will allocate 5-20% of assets to private investments, offering 401(k) plan participants exposure to privately held businesses. The move aims to provide better diversification and potentially higher returns (about 50 basis points annually more than stocks) as the stock market becomes increasingly concentrated in large-cap and technology stocks.
BlackRock’s Wei Li says AI is still in Phase 1 despite nearly $600 billion in Big Tech spending, with adoption and productivity still ahead.
Bitcoin ETFs are driving fresh, broad-based inflows, integrating BTC into traditional portfolios and creating a more durable institutional bid.
Bitcoin jumped 22% in August as gold correlation hit a six-year high. Analysts say shifting links may aid diversification as Wall Street adopts blockchain.
Anthony Scaramucci, founder of SkyBridge Capital, recently encouraged people to reject negative emotions in the face of setbacks and instead embrace “pronoia.”