Topic: BlackRock lays out why to invest in ‘flight to safety’ asset (Read 22 times)
Well, he's just repeating what many of us know. If you had to escape from your country for whatever reason you will not be able to take your house with you, and if you are in a hurry you will not have time to sell it. The money you have in the bank, as well as shares and other assets can be blocked, and if you have to cross a border the only thing you can take with you will be cash, not much and it depends on where you have to pass (€10K in Europe) and bitcoin, which you can take with you your keys and you can take enough to start your life somewhere else.
It appears that this storyline being created by the new mayor of bitcoin Larry Fink will certainly make the heads of the people from traditional finance who will listen to him shake very vigorously once they witness and experience bitcoin's big volatile dumps on their faces hehehehe. This will certainly cause them to feel that they were scammed by Larry Fink.
Bitcoin has long been pitched as a digital gold, an alternative reserve asset, and a flight to safety for investors during major geopolitical events.
Now, the $10 trillion investment bank BlackRock is again singing the same tune.
“Bitcoin has been seen by some investors as a ‘flight to safety’ in times of fear amid some of the most disruptive global events over the last five years,” the report reads.
To that effect, say authors including BlackRock’s head of digital assets Robert Mitchnick, a “modest allocation” can diversify — making multiple bets in the market instead of investing in just one asset — a portfolio.
BlackRock has lured a broad swathe of new investors to Bitcoin.
Read in full https://www.dlnews.com/articles/markets/blackrock-bitcoin-report-outlines-flight-to-safety-and-risk/
Bitcoin has long been pitched as a digital gold, an alternative reserve asset, and a flight to safety for investors during major geopolitical events.
Now, the $10 trillion investment bank BlackRock is again singing the same tune.
“Bitcoin has been seen by some investors as a ‘flight to safety’ in times of fear amid some of the most disruptive global events over the last five years,” the report reads.
To that effect, say authors including BlackRock’s head of digital assets Robert Mitchnick, a “modest allocation” can diversify — making multiple bets in the market instead of investing in just one asset — a portfolio.
BlackRock has lured a broad swathe of new investors to Bitcoin.
Read in full https://www.dlnews.com/articles/markets/blackrock-bitcoin-report-outlines-flight-to-safety-and-risk/
Jump to: