Market
What percentage of BlackRock's portfolio will be allocated to Bitcoin by end of 2024?
5
Resolution / Starting Odds
1% or less • 25%
1.1% to 1.5% • 25%
1.6% to 2% • 25%
More than 2% • 25%
BlackRock's official financial reports or statements
Story
BlackRock Urges 1-2% Bitcoin Allocation, Citing Similar Risk to Tech Giants
Dec 13, 2024, 08:02 AM
BlackRock Inc., the world's largest asset manager, has recommended that investors allocate between 1% and 2% of their traditional investment portfolios to Bitcoin, comparing it to the risk profile of major tech companies like Apple, Amazon, and Nvidia. This recommendation comes as Bitcoin's price has surged past $100,000, reflecting a growing acceptance of cryptocurrency as a viable investment option. The firm's analysis suggests that this allocation level offers a similar risk to holding stocks in the 'Magnificent Seven' tech giants, which represent a significant portion of the S&P 500's market capitalization. Despite Bitcoin's well-known volatility, which can lead to double-digit drawdowns, BlackRock's CEO, Larry Fink, has expressed ambitions to tokenize the world, with Bitcoin being just the beginning. The firm currently manages $52 billion in Bitcoin assets through its ETF, highlighting the asset's growing institutional interest.
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Similar markets
100% to 150% • 25%
Less than 50% • 25%
50% to 100% • 25%
More than 150% • 25%
Increase by over 20% • 25%
Decrease by up to 20% • 25%
Decrease by over 20% • 25%
Increase by up to 20% • 25%
Tech Stocks • 25%
Bonds • 25%
Bitcoin • 25%
S&P 500 • 25%