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.
The winning streak for U.S. spot Bitcoin ETFs came to a sudden halt on Thursday, as investors withdrew over $358 million — the sharpest daily outflow since March.
Ethereum Foundation researcher Justin Drake has issued a stark warning about Bitcoin’s long-term viability, questioning the sustainability of its security model based on proof-of-work (PoW).
Bitcoin’s integration into traditional finance is accelerating, and according to Lightspark CEO David Marcus, the next major leap could come from within Wall Street.
In a surprising move, Paris Saint-Germain (PSG) has become the first professional football club to officially add Bitcoin to its treasury reserves.