Bitcoin Goes Mainstream

 

BlackRock, the world’s largest money manager, is now making the case for bitcoin in your traditional 60/40 investment portfolio. In new research from its Investment Institute, BlackRock analysts recommend that bitcoin, long shunned by mainstream investors, should now account for 1% to 2% of such portfolios. That would give the cryptocurrency, with a market cap of about $2 trillion, a risk level similar to companies like Nvidia, Amazon or Apple.  Still, bitcoin is incredibly volatile, dropping as much as 70% in a year, so the analysts found that weighting it higher than 2% gets exponentially risky. Let’s get into the headlines,

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