BlackRock Präsentiert Bitcoin als Wertanlage für Portfolios – Bitcoin wird als langfristige Anlagemöglichkeit angesehen, besonders in Zeiten geopolitischer Instabilität – Einführung von Bitcoin Exchange-Traded Products (ETPs) im Jahr 2024 fördert institutionelle Akzeptanz und Marktliquidität – Eine bitcoin-freundliche US-Administration könnte Innovation und Infrastrukturentwicklung beschleunigen – Zunehmende institutionelle Beteiligung könnte zu besserer Preisfindung und geringerer Volatilität führen – Die feste Versorgung von 21 Millionen Bitcoins erhöht den Wert durch Knappheit BlackRock sieht Bitcoin als ernsthaften Kandidaten für Portfolios und betont seine Eigenschaften wie Knappheit und digitale Vorteile
BlackRock released an article titled "Why Bitcoin? A Perspective from Model Portfolio Builders", emphasizing Bitcoin's significance as an investable asset and its diversification benefits.
Key Takeaways:
- Long-Term Investment Merit: BlackRock identifies Bitcoin as a potential diversification tool amid geopolitical instability and rising government deficits.
- Growing Institutional Adoption: The introduction of Bitcoin Exchange-Traded Products (ETPs) in 2024 is expected to enhance market access for traditional investors.
- Importance of Regulatory Climate: A more supportive U.S. administration could foster innovation and infrastructure development for Bitcoin.
- Reduced Volatility Potential: Increased institutional investment may lead to improved price discovery and decreased volatility.
- Value Proposition of Scarcity: Bitcoin's capped supply of 21 million coins contributes to its value through scarcity.
Important Quotes:
- On Investment Value: “As multi-asset portfolio constructors, we believe bitcoin has long-term investment merit for certain investors...”
- On Market Maturity: “Increased levels of investor participation can lead to improvements in price discovery and liquidity...”
- On Scarcity: “Unlike gold, there’s no ability to meet excess demand with increased supply.”
- On Bitcoin’s Global Role: “Bitcoin is a digitally native, bearer asset...”
- On Critics' View: “Critics’ go-to refrain is bitcoin has no intrinsic value. To the contrary, we view the discussed characteristics as sources of intrinsic value.”
Conclusion:
BlackRock positions Bitcoin as a viable option for portfolio inclusion, highlighting its scarcity and digital-first attributes. They acknowledge risks such as volatility but assert that ongoing institutional adoption will further integrate Bitcoin into mainstream investment strategies.