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Bitcoin Still Seen as Diversification Play After 50% Drawdown, BlackRock States

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TL;DR BlackRock describes Bitcoin’s roughly 50% decline from its $126,200 peak as a positioning correction driven by leverage and liquidations, rather than a breakdown in its long-term investment case. The asset manager expects Bitcoin’s co…

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Bitcoin Still Seen as Diversification Play After 50% Drawdown, BlackRock States
Crypto Economy 2h ago

Bitcoin Still Seen as Diversification Play After 50% Drawdown, BlackRock States

TL;DR BlackRock describes Bitcoin’s roughly 50% decline from its $126,200 peak as a positioning correction driven by leverage and liquidations, rather than a breakdown in its long-term investment case. The asset manager expects Bitcoin’s co…