As per CoinEdition, BlackRock's Head of Digital Assets, Robbie Mitchnick, has defined Bitcoin as a 'sovereign store of value' and positioned it as a generational alternative to gold. Mitchnick outlined a 1-2% portfolio allocation as optimal for diversification, citing Bitcoin's low long-term correlation with stocks despite its volatility. He emphasized a demographic shift, with younger investors favoring Bitcoin over gold, and noted that corporations are increasingly open to Bitcoin exposure. BlackRock's model separates Bitcoin into two market segments: short-term traders and long-horizon investors, with the latter driving structural demand. Stablecoins, meanwhile, are expanding in the payments sector, while Bitcoin retains its core role as a store of value.
BlackRock's Mitchnick Categorizes Bitcoin as 'Digital Gold', Recommends 1-2% Portfolio Allocation
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