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During a conference on digital resources, in Brazil, BlackRock spoke very well of the crypto Bitcoin and its potential against inflation for the personal portfolio. The well-known asset manager praised the characteristics of the currency, explaining how it can prove to be an excellent hedge against inflation. According to Blackrock, gold and bonds are less efficient than cryptocurrency in the long term. Let’s see all the details below. Crypto and BlackRock: the manager sees the potential of Bitcoin for an anti-inflation portfolio At a crypto conference in Brazil, the asset manager BlackRock stated how Bitcoin can offer great advantages for long-term investment portfolios. According to Jay Jacobs, head of thematic and active ETFs of the company, the cryptocurrency has now achieved prestige and institutional legitimacy on a global level. Its continuous appreciation over the years has allowed financial analysts to consider the asset as a profitable hedge against inflation and economic crises. Despite suffering from high volatility of prices, Bitcoin records such positive performances in the long term that it is elected as the best asset of the decade for investment portfolios. Jacobs from BlackRock has invested in the idea that crypto offers protection against the ongoing decline in the purchasing power of the dollaro USA. From 1913 to today, the FIAT currency has indeed lost much of its exchange value with other goods and services. In particular, since the monetary system of the Federal Reserve was introduced, the dollar has lost 97% of its purchasing power. Precisely for this reason, BlackRock recommends an exposure of 1% to 3% in Bitcoin or in companies that reflect its growth for investment portfolios. Source: https://x.com/SJosephBurns/status/1230953926192762880 The same representative of BlackRock then publicly praised blockchain technology as one of the most disruptive digital tools of recent years. “This is one of the fastest-growing…

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Filed under: News - @ October 10, 2024 5:26 pm