BlackRock Sees Bitcoin as a Global Currency Substitute
Publication Time:2024-09-13 06:01:07
Asset management company BlackRock recently made a statement highlighting Bitcoin's role as a global currency substitute that can address the current state of chaos worldwide and geo-political uncertainties. BlackRock emphasized that as global disorder intensifies and trust in governments, banks, and fiat currencies wanes, Bitcoin, as an unconventional asset, can offer an effective hedging strategy. This perspective indicates that BlackRock now considers Bitcoin as a significant component of investment portfolios to mitigate potential risks and instability.
Bitcoin
BlackRock
global currency substitute
hedging tool
geo-political uncertainty