BlackRock Embraces Cryptocurrencies

Investing.com — BlackRock (NYSE:BLK), recognized as the world's biggest asset manager, controlling $11.5 trillion in assets, has made a significant move toward embracing cryptocurrencies. The company recently launched a three-minute educational video focused on Bitcoin, the leading digital currency. This move comes on the heels of BlackRock's recent advice to investors that they could consider allocating up to 2% of their portfolio to Bitcoin.

This suggests an increasing acceptance of cryptocurrencies within conventional financial portfolios. Bitcoin, in particular, has seen a substantial increase in its value this year, with a rise of over 150%.

In addition, BlackRock is the owner of the iShares Bitcoin Trust ETF, further indicating its growing interest in and acceptance of the digital currency market.

Link to video

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.