In a notable shift, BlackRock, the world's largest asset manager, has officially recognized Bitcoin's decoupling from tech stocks, viewing it as a safe-haven asset akin to gold.
This acknowledgment comes at a time of geopolitical uncertainties, especially the ongoing trade tensions between the US and China, which are pushing investors to explore alternative assets.
Bitcoin's recent performance has outpaced stock market trends, drawing significant inflows into Bitcoin ETFs. BlackRock identifies "megaforces," such as geopolitical fragmentation, as pivotal in driving Bitcoin's rising prominence.
This development marks a significant shift in perception, with Bitcoin now seen as a reliable store of value during turbulent times. With BlackRock's endorsement, Bitcoin's status as a safe-haven asset is likely to gain further traction among investors worldwide.
