BlackRock claims clients are eyeing Bitcoin as a key factor

Looks like the whole decoupling narrative is gaining traction on social media, and it’s starting to pop up in crypto news too. Will this just be a buzz here? Nah, I think it’s gonna spill over into mainstream media, making more folks speculate about Bitcoin being the next digital safe haven. We could be on the brink of another major pump! According to BlackRock, not owning Bitcoin might soon become a risky move. But that’s a big if, and I mean a big one, only if the price of Bitcoin really breaks free from its tight link to riskier assets like US tech stocks. Robbie Mitchnick, who leads digital assets at BlackRock, mentioned that "the correlation between bitcoin and tech stocks is going to be an absolutely critical driver". If Bitcoin starts behaving like just another tech stock, then it won’t attract institutions much. However, if Bitcoin starts moving with low or even negative correlation to what he describes as "left tail" events (those extreme downturn risks), "then it becomes potentially a very important portfolio asset for all sorts of institutional investors." This disconnect is a signal for some that Bitcoin is starting to act more like a safe haven, similar to gold, instead of being aligned with riskier assets. Balchunas talked about a panel chat with Mitchnick where the BlackRock exec noted that as Bitcoin began to decouple from stocks, institutions began reaching out to understand more. Decoupling would be "good for the long-term, not just for the ETF but for Bitcoin in general," Balchunas said. Full details can be read in the link provided.

BlackRock Meets With US SEC Crypto Task Force, Here’s All With the changing regulatory trends, the US SEC has had its 99th industry meeting with BlackRock with key crypto conversations held https://coingape.com/blackrock-meets-with-us-sec-crypto-task-force/ The Hester Peirce-led Crypto Task Force held a meeting with BlackRock's crypto unit Five key conversations they had bordered on tokenization and staking among others Crypto regulation is still evolving in the United States, but promises emerge American investment giant BlackRock