The world's largest asset management firm Blackrock considers that having 2% of Bitcoin in an asset portfolio is "reasonable."
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.
Daily Digital Currency Update Summary (2024-12-13)
Republican state legislator Giovanni Capriglione from Texas, USA, proposed legislation on Thursday aimed at establishing a Global Strategy Bitcoin reserve.
Trump rings the opening bell for the NYSE: the stock market is everything, and there will be a big push in the Cryptos field.
Trump seized this opportunity to make a new round of tax cut promises, and also promised to "make significant moves in the Cryptos sector."
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Regulatory obstacles for Cryptos are expected to be removed, yet still difficult to please Bank of America bankers.
At this week's Reuters NEXT conference held in New York, bankers from Bank of America expressed a cautious attitude towards Cryptos, even though the market generally expects that under the leadership of incoming President Trump, friendlier regulations will pave the way for lending Institutions to expand into the realm of Digital Assets.
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The adjustment of the Nasdaq 100 is imminent; will Bitcoin "whales" MicroStrategy get what they want?
NASDAQ will announce the annual adjustment results of the index on December 13 (Friday). MicroStrategy meets all the criteria to be included in the NASDAQ 100 Index, and this development will trigger the purchase of the company's Stocks by Global direct-tracking ETFs with a scale of 451 billion dollars.
Caroline Crenshaw's Renomination Vote Postponed, as Crypto Industry Pays Keen Attention on Voting Procedures
Bitcoin Surges Back Above $100,000
Eric Trump, the second son of Trump: The USA is about to welcome the most crypto-friendly government in history!
① Eric, the second son of Trump, the elected president of the USA, stated that the Trump administration will become the most friendly government towards Cryptos in USA history. ② Eric mentioned at the Bitcoin Middle East and North Africa conference that Trump will promote USA's leadership in the "digital revolution" and promised not to impose excessive regulation on Cryptos.
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Institutions forecast investment strategies for U.S. stocks in 2025: continue to allocate to leading Internet Plus-Related giants, while being bullish on areas such as advertising technology and CNI Xiangmi Lake Fintech Index.
Looking ahead to 2025, with macro resilience continuing and the sustained integration of GenAI technology, the performance cycle of the US Internet Plus-Related Sector is expected to continue, reflecting in online advertising, e-commerce, streaming media, local life, and CNI Xiangmi Lake Fintech Index.
Is a debt crisis about to occur? Dalio: Will invest in Gold and Bitcoin and other "hard currencies"!
Ray Dalio, founder of Bridgewater Fund, one of the world's largest hedge funds, stated on Tuesday that he will invest in hard currencies such as Gold and Bitcoin, while avoiding debt-related Assets, as most major economies are facing rising debt ratios. He added that the debts of many major countries, including the USA, have reached unprecedented levels and emphasized that the current debt levels are unsustainable.
Express News | CITIC SEC: The performance cycle of the US stock Internet Plus-Related Sector is expected to continue in 2025.