BlackRock executive: Bitcoin operates according to its own rules and is a unique diversification tool from a long-term perspective

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Golden Finance reports that on April 21, BlackRock’s head of U.S. stock ETFs, Jay Jacobs, stated in an interview with Fox’s “The Claman Countdown” that Bitcoin is a non-sovereign asset that operates according to its own rules, mainly driven by geopolitical and inflation risks.
Jacobs pointed out that Bitcoin’s performance differs from stocks or bonds and is similar to the role of gold in a portfolio. Although the asset experiences significant short-term volatility, from a long-term perspective, it is a unique diversification tool. As currency devaluation, rising government debt, and increasing cross-border asset flows occur, Bitcoin’s value will be further reflected.
Additionally, Jacobs suggested that in environments where stocks and bonds become more correlated, investors should consider enhancing portfolio resilience through Bitcoin, gold, and liquidity alternatives such as ILT.

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