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BlackRock Strategist: Bitcoin Morphing Into Wall Street’s New ’Safe’ Bet

BlackRock Strategist: Bitcoin Morphing Into Wall Street’s New ’Safe’ Bet

Coindesk
Author:
Coindesk
Release Time:
2025-04-30 08:39:24
0

Bitcoin May Evolve Into Low-Beta Equity Play, BlackRock’s Mitchnik Says

Move over, Treasury bonds—Bitcoin’s volatility is getting a makeover. BlackRock’s Mitchnik suggests the crypto giant could soon trade like a low-beta equity, offering institutional investors a surprising hedge against market chaos.

The irony? A decade after being dismissed as ’rat poison,’ Bitcoin might become the very thing Wall Street craves: predictable returns. Just don’t tell the gold bugs.

Bonus jab: Meanwhile, traditional finance still can’t decide if crypto is a scam or their next revenue stream—classic hedge fund ambivalence.

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