▶️ Reasons behind BTC's dump to $60k. The price drop isn't a fundamental flaw of Bitcoin itself, but rather a market flush. The drivers: deleveraging and capital rotation into the AI sector.
▶️ The dual nature of the asset. BTC often correlates with risk-on assets, yet during severe crises, it acts as a reliable safe haven.
▶️ Inflation hedge. Against the backdrop of surging national debt and fiat currency debasement, Bitcoin remains a viable long-term global alternative.
✅ BlackRock’s recommendation. Adding a 1–2% BTC allocation to a traditional conservative portfolio has historically boosted overall returns.
Notably, BlackRock is adding Bitcoin ETF shares to its own conservative funds. Currently, BlackRock entities hold over 14 million IBIT shares (~$538M).
Wall Street giants are also holding BTC ETFs (Q2 data):
🟢 Morgan Stanley boosted its position by 23% (to 16.5M shares)
🟢 JPMorgan increased its stake by 25% (to 10.4M shares)
💬 BlackRock isn't just recommending holding an allocation in BTC, the financial giant is actively practicing what it preaches. While retail panics over the threat of another dip, Wall Street is quietly accumulating and holding Bitcoin for the long haul.