BitcoinSistemi 2025-05-28 10:41:08

BlackRock's Cryptocurrency Manager Talked About Bitcoin (BTC) and Gold! Striking Statements Came!

The Bitcoin 2025 Conference, seen as the biggest Bitcoin (BTC) event of 2025, started yesterday. Many political figures as well as important names from the cryptocurrency sector participated. One of them was BlackRock, which is a leader in Bitcoin and Ethereum ETFs. Accordingly, BlackRock Digital Assets President Robert Mitchnick spoke about Bitcoin at the Bitcoin 2025 conference. Robert Mitchnick, while comparing Bitcoin to gold, said that BTC offers much higher upside potential and lower downside potential than gold. Despite this comparison, Mitchnick noted that Bitcoin and gold do not necessarily compete. Mitchnick said that both assets are strong assets that serve a similar purpose, helping investors protect against traditional financial risks. Stating that Bitcoin has solidified its place as a mainstream investment asset, the BlackRock executive argued that 2 percent of investment portfolios should be allocated to Bitcoin. “Bitcoin and gold essentially serve the same purpose. I see BTC and gold as different aspects of a similar theme, and I believe that both are scarce, decentralized, and not controlled by governments. But I think Bitcoin offers much higher upside potential and lower downside potential than gold.” The BlackRock executive recently highlighted Bitcoin’s modern advantages. Unlike gold, Bitcoin can be moved around the world instantly at almost zero cost. According to Mitchnick, these features make Bitcoin attractive to both retail and institutional investors looking for strong alternatives to traditional safe haven assets. “Because of these features, Bitcoin has started to gain more space in investment portfolios. Because investors now prefer a 50 percent gold – 50 percent Bitcoin ratio.” *This is not investment advice. Continue Reading: BlackRock's Cryptocurrency Manager Talked About Bitcoin (BTC) and Gold! Striking Statements Came!