Bitcoin should make up 84.9% of your wallet according to BlackRock

Thu 27 Jul 2023 ▪ 3 min of reading ▪ by Luc Jose A.
Getting informed Invest

For a long time, BlackRock had opposed bitcoin (BTC) as an investment alternative. The financial behemoth has finally turned around and set itself up as an apostle of the flagship crypto.

A bitcoin

BlackRock believes in bitcoin’s potential

Once again, financial giant BlackRock is making news on the financial markets. This time, it’s not about the Bitcoin ETF application recently filed with the SEC. But about its BTC-related investment strategies, despite the fact that the bitcoin price is currently on a downward trend.

The financial behemoth believes in the potential of the flagship crypto. That’s why it suggests that investors dedicate a portion of their investments to bitcoin. A large part, it has to be said.

According to BlackRock, an optimal investment in the flagship crypto should be around 84.9%. In other words, an investment portfolio would need to cover this rate of bitcoin to be relevant.

Could it be a simple belief in the sustained dynamism of the asset, or rather an unspoken attempt to manipulate the market? What is certain is that the company’s suggestion has not left twitter users indifferent.

Indeed, BlackRock’s call caused quite a stir. Some are surprised by its relevance, wondering whether the company would follow its own recommendations. Many are skeptical about the company’s financial suggestion, which looks like a self-interested foot-in-the-door appeal.

For many others, this development should be taken with a grain of salt. For, as a deeply capitalist firm, BlackRock is only concerned with its own interests. In this respect, it is interesting to note that the company has a vested interest in the stability of the bitcoin market.

It was the wave of BTC breakthroughs since the beginning of the year, despite the bear market, that motivated the company to believe in the asset. And to offer its clients ETF services based on the asset.

Receive a summary of the news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don't miss any of the essentials of Cointribune!

Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.