BlackRock Advocates For 2% Bitcoin Allocation In Multi-Asset Portfolios
Posted On December 12, 2024
The world’s largest asset manager, BlackRock Inc. (NASDAQ; BLK), suggests that Bitcoin (CRYPTO: BTC) could hold a place in multi-asset portfolios, albeit within a narrow range.
Quoting a report from the BlackRock Investment Institute, Bloomberg reported that allocating 1% to 2% of a portfolio to Bitcoin would produce a risk profile comparable to investing in the “Magnificent Seven” technology stocks within a traditional 60/40 portfolio of equities and bonds.
Exceeding the 2% threshold, however, could disproportionately increase the portfolio’s risk.
The report provides guidance for investors seeking to balance exposure to Bitcoin, especially as the cryptocurrency continues …
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