BlackRock "BTC, Not holding it could become more dangerous"

If Bitcoin gradually breaks away from its high correlation with technology stocks and establishes itself as an independent asset, the analysis has emerged that not holding Bitcoin could actually be a greater risk. Robbie Mitchnick, head of the digital asset division at the world's largest asset manager Blackrock, said in an interview with DL News, "If BTC continues to move only like technology stocks, institutions will not pay much attention," adding, "But if Bitcoin breaks away from extreme downside risks and establishes itself as a key means of portfolio diversification, institutions are likely to view it not as 'too risky to buy' but as 'more risky not to buy,'" he said.

He particularly explained that the more BTC shows an independent flow, the higher the possibility of being incorporated into the core asset group in institutional asset allocation. This suggests that Bitcoin is being recognized not only as a speculative asset but also as a long-term holding value that moves increasingly independently of macroeconomic variables.