Robert Mitchnick, who leads BlackRock’s digital assets division, recently reiterated the firm’s stance on Bitcoin allocation during the Bitcoin 2025 conference in Las Vegas.
According to him, a 2% portfolio allocation to BTC is backed by years of internal research rather than any recent market trend.
The recommendation, which stems from a December report by BlackRock, positions Bitcoin as a potential hedge asset—comparable to gold, but with greater upside. Mitchnick emphasized that this conclusion was drawn after extensive analysis, not reactionary sentiment.
He added that BlackRock’s digital assets team has spent several years studying the asset’s behavior under various economic conditions, concluding that Bitcoin may serve as a long-term store of value, especially in diversified portfolios.
The firm sees BTC not only as a speculative asset, but as a serious contender in the modern financial landscape.
Mitchnick also highlighted the evolving narrative around Bitcoin, noting that its increasing integration into traditional finance is a reflection of growing institutional confidence. As products like spot ETFs gain traction, BlackRock’s analysis reinforces the belief that modest exposure to Bitcoin may enhance risk-adjusted returns for long-term investors.
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