Bitcoin may evolve into the Beta Low stock play, says Mitchnik from Blackrock says

Bitcoin (BTC), the largest digital assets in the world by market value, Recently held fixed When the Donald Trump’s trade war motivated the trade of US assets.

The so -called decoding reinforced the belief of the defenders of encryption that BTC is a safe haven and playing the beta low for stocks.

Robert Michnik, head of the Blackrock digital assets, believes that the cryptocurrency can actually develop into a low -beta duet.

“It has no meaning, however, when it is repeated enough, it can actually become some self -investigation, right?” Michnik said during a discussion in a discussion at the symbolic Dubai conference on Wednesday. “It is something that can happen reflex because enough critics, research outlets and other commentators said that it would do so.”

Investors threw American assets strongly, including the NASDAQ Technology Index and the S& P 500 index, early this month, as it motivated the escalating trade tensions between the United States and China recession fears. However, BTC is relatively fixed, to the point that on the basis of seven days, the encrypted work began Less volatile From S & P 500.

Michnik explained that this short separation has strengthened the belief of the encryption community with a known origin that is separate from the economic, political and monetary risks of a particular country, which prompted renewable capital flows in the investment funds circulated in the United States.

Investors poured at least $ 3 billion in investment funds in the past ten days, with IBIT from Blackrock receiving the largest flows, according to Data Farside investors.

Michnik added that part of the last chapter could be due to the transfer of BTC from the lowest firm hands to long -term essential holders. He said the transformation “is definitely happening.”

Jean Van Eyk, CEO of VANECK, said while talking to the same painting, he would like to see Bitcoin back to the pre -2020 when he was one of the unrelated assets.

The institutionalization of the BTC after Covid’s crash in 2020, and since the appearance of the investment funds circulated in early last year has led to the development of the cryptocurrency with the Tadfi assets, especially the NASDAQ index. This has led BTC to lose its attractiveness as a wallet diversity.

Jean Van Eck explained that merchants will tend to keep more BTC if the links are weakened.

Update (April 30, 09:19 UTC): Addreflection“To the title.