BlackRock: the ideal investment portfolio should consist of 84.9% BTC
Date: 2023-07-27 Author: Karina Ziganova Categories: BLOCKCHAIN, CRYPTO PAYMENTS
Asset manager BlackRock was seriously interested in bitcoin (BTC) and allocated him the lion's share in the recommendations on the optimal composition of the investment portfolio
The world's largest asset management company, BlackRock, seems intent on diving headlong into Bitcoin (BTC). In addition to the recently submitted application for the creation of a spot bitcoin ETF, the company also issued optimistic recommendations regarding the optimal size of the placement of this world's largest digital asset in the portfolio of investors.
BlackRock's Bitcoin Drive
Analysts have studied BlackRock's previous reports on the optimal investment portfolio in terms of risk-reward ratio. As it turned out, the company is heavily focused on Bitcoin. Potentially, this is a favorable factor for BTC - of course, if investors listen to such recommendations.
Joe Burnett, an analyst at Blockware, commented on the data on the optimal placement of bitcoins in the investment portfolio contained in the BlackRock report for 2022.
The asset manager recommended the following portfolio composition: 84.9% BTC, 9.06% stocks and 6.04% bonds. Burnett commented on this as follows:
"If all investors follow BlackRock's optimal BTC offering, then the value of bitcoin will be more than 5 times the total value of all stocks, real estate, and bonds."
He suggested that if the total world wealth today is about $800 trillion, then the value of bitcoin will be $190 million per coin.
Crypto community according to
Economist Alessandro Ottaviani also echoed these sentiments, commenting:
"Sooner or later, it will become clear to everyone that bitcoin is a mandatory element of any portfolio."
PlanB, a popular analyst in the crypto community, published its stock-to-flow forecast model on July 25, suggested that the situation is now in the early stages of a bull market, and added:
"Of course, BlackRock wants to buy cheaper, just before the approval of the ETF application and before the second stage of a full-fledged bull market."
Although the BlackRock report was written last year, it has only now become widespread on cryptocurrency Twitter.
Around the same time, on July 25, Bloomberg exchange-traded fund expert James Seyffart shared an updated list of dates to watch out for in the current race of major market participants for bitcoin ETFs.
BlackRock filed for a spot ETF in mid-June; The first deadline for the SEC's response is September 2. However, the Ark and 21Shares Bitcoin ETFs that re-applied have already passed the first deadline and are approaching the second, which will come on August 13. The first deadlines for Bitwise, VanEck, Wisdomtree, Invesco, Fidelity and Valkyrie are in early September.
