BlackRock Recommends 2% Bitcoin Allocation in Portfolios: A Major Sign of Institutional Adoption

BlackRock, the world’s largest asset manager, has made a significant move by recommending a 2% allocation of portfolios to Bitcoin through its iShares Bitcoin Trust ETF. This marks a milestone for institutional adoption of cryptocurrencies. Michael Gates, Lead Portfolio Manager at BlackRock, emphasizes Bitcoin’s long-term value and scarcity, highlighting its potential as both an inflation hedge and a diversified investment tool.