Bitcoin Has No Label but Its Closest Rival Is Gold, BlackRock Exec Says
BlackRock views Bitcoin as a portfolio diversifier and gold alternative; ETF investors held steady, while Ethereum underpins stablecoins, DeFi and
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Bitcoin (CRYPTO: BTC) has dropped 10% within days of each of the last six FOMC decisions,—and today the Federal Reserve meets under new Chair Kevin Warsh
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BlackRock views Bitcoin as a portfolio diversifier and gold alternative; ETF investors held steady, while Ethereum underpins stablecoins, DeFi and
BlackRock is launching target-date mutual funds through Great Gray Trust that will allocate 5-20% of assets to private investments, offering 401(k) plan participants exposure to privately held businesses. The move aims to provide better diversification and potentially higher returns (about 50 basis points annually more than stocks) as the stock market becomes increasingly concentrated in large-cap and technology stocks.
BlackRock’s Wei Li says AI is still in Phase 1 despite nearly $600 billion in Big Tech spending, with adoption and productivity still ahead.
Bitcoin ETFs are driving fresh, broad-based inflows, integrating BTC into traditional portfolios and creating a more durable institutional bid.
Bitmine Immersion Technologies stock surged 46.5% in August as Ethereum's price rose 33% during the month. The holding company, which aims to accumulate 5% of Ethereum's outstanding supply, recently issued preferred stock paying 9.5% dividends to fund additional cryptocurrency purchases and share buybacks. However, the article notes that investing in Bitmine is essentially a bet on cryptocurrency price movements driven by short-term factors like political sentiment rather than fundamental adoption, making it difficult to establish a long-term investment thesis.
Major cryptocurrencies held steady on Sunday, Sept. 6, while investors evaluated the ongoing deadlock between the U.S. and Iran in efforts to reach a deal.