Bitcoin’s Low Beta Trajectory: BlackRock Analysts Speculate on Crypto Future

In a recent discussion at the Token2049 conference in Dubai, Robert Mitchnik, Head of Digital Assets at BlackRock, has presented a bold theory regarding Bitcoin. He believes that the cryptocurrency may become known as a low-beta asset due to its inherent properties and market acceptance, even without strong fundamental backing. This potential shift is fueled by the current stability of Bitcoin against turbulent U.S. stock markets driven by recent tensions in the U.S.-China trade relationship.