BlackRock: Bitcoin Is A Hedge Against Geopolitical Uncertainty
Head of Thematic and Active ETFs at BlackRock Jay Jacobs says that Bitcoin is a hedge against geopolitical uncertainty and monetary risk. Speaking on the first edition of BlackRock’s Quick Download series, Jacobs said that the digital assets industry is blowing up, and investors are loving its IBIT ETF since launch. JUST IN: BlackRock says #Bitcoin is a hedge against geopolitical uncertainty and monetary risk. pic.twitter.com/hgzqprtp60 — Watcher.Guru (@WatcherGuru) June 27, 2024 “Bitcoin is a nascent asset. It’s only one-tenth of the size of the gold market,” Jacobs says in the video. “Therefore, it has high volatility and behaves a bit differently than stocks and bonds. A lot of investors look at it as a potential hedge against geopolitical and monetary risks. Other investors look at it as a way to play future adoption of blockchain technology. In either case, investors must take a measured approach to Bitcoin, considering both the risks and the po...