Watch your #bitcoin stack very carefully… 👇🏻 “Bitcoin: A Unique Diversifier” Sep 17, 2024 Source: https://www.blackrock.com/us/financial-professionals/insights/bitcoin-unique-diversifier Blackrock argues that Bitcoin is a unique asset whose risk and return drivers are fundamentally uncorrelated with traditional asset classes. The authors believe that Bitcoin's scarcity, decentralization, and non-sovereign nature make it a potential hedge against global monetary instability, geopolitical risks, and U.S. fiscal challenges. They assert that while Bitcoin has exhibited short-term co-movements with equities, its long-term correlation is low and its returns have been significantly higher than traditional assets. The document concludes that modest allocations to Bitcoin can diversify portfolios, potentially improving risk-adjusted returns.