BlackRock Digital Asset Head: BlackRock sees BTC as an emerging global currency alternative

Sep 26, 2024 14:33
Odaily Planet Daily - Robert Mitchnick, head of digital assets at BlackRock, said in an interview with Bloomberg: "When we think of Bitcoin, we mainly regard it as an emerging global currency alternative. With the growing concern about US treasury bond bonds, Bitcoin has become an attractive alternative reserve asset, unrelated to the value of the US dollar." BlackRock's report said that because of this, Bitcoin is valuable in helping investors diversify their portfolios. (Fortune)
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