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BlackRock, the world’s largest asset manager, has publicly recommended allocating 1-2% of investment portfolios to Bitcoin. This guidance, led by Robert Mitchnick, stems from years of research and positions Bitcoin as a potential hedge in uncertain times. The move signals a growing institutional acceptance of cryptocurrency as a legitimate asset class.
- BlackRock's recommendation for a 1-2% Bitcoin allocation is based on multi-year research, positioning it as a hedge similar to gold.
- The iShares Bitcoin Trust (IBIT) has been a top performer among crypto ETFs since its SEC approval in January 2024.
- Institutional adoption is expanding, with Block Inc. enabling Bitcoin payments and Scotland's Lomond School accepting Bitcoin for tuition.
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