Blackrock stated that Bitcoin cannot be compared to traditional Assets, and the "seven giants" of U.S. stocks can serve as a reference. Generally, each of the seven Stocks accounts for about 1-2% of the overall investment portfolio, and exceeding this range significantly increases the risk proportion. In the long run, Bitcoin may become less risky, and investors might use it to hedge against specific risks, similar to Gold.
“特朗普交易”点燃 $Bitcoin (BTC.CC)$ 投资热情，那么在投资组合中持仓比例应该是多少？贝莱德给出建议是最高“2%”。
The world's largest asset management company, Blackrock, stated in its latest investment outlook report that for investors wishing to Hold Bitcoin, allocating up to 2% of their investment portfolio to Bitcoin is "reasonable."
Blackrock ETF Chief Investment Officer Samara Cohen compared Bitcoin to the "Big Seven" Technology Stocks in the report.
Bitcoin cannot be compared with traditional Assets, but from the perspective of portfolio construction, the so-called "Big Seven" large tech stocks can serve as a reference point.
These specific Stocks account for a relatively large portion of risk in the portfolio, similar to the risk portion Bitcoin occupies in the portfolio. In a traditional 60% Stocks and 40% Bonds mixed portfolio, these seven stocks each account for about 1-2% of the overall portfolio, which is a reasonable range for Bitcoin exposure.
The report states that, like Gold, Bitcoin's price fluctuations may be driven by sentiment, narrative, and momentum, which is precisely why it is not advisable to have a higher allocation ratio; exceeding this range would significantly increase Bitcoin's risk proportion in the overall investment portfolio.
Blackrock also stated that investors need to view expectations of Bitcoin's returns differently: it does not have a fundamental cash flow to estimate future returns, and it is crucial to adopt a degree.
Bitcoin may also provide a more diversified source of returns, and in the long run, there is no inherent reason to associate Bitcoin with major risk assets, as its value is determined by entirely different driving factors.
Blackrock further stated:
In the longer term, Bitcoin might become less risky, but by then, it may no longer have structural catalysts for further substantial increases. On the contrary, investors might be more inclined to use it to hedge against specific risks, similar to Gold.
Editor/rice
