BlackRock's new whitepaper highlights Bitcoin's role as a "unique diversifier" and hedge against fiscal, monetary, and geopolitical risks. The firm notes Bitcoin's minimal correlation to traditional macro factors, making it a "flight to safety" during global uncertainty. While volatile, Bitcoin has outperformed other asset classes in seven of the last ten years. BlackRock emphasizes Bitcoin's potential as a global monetary alternative, especially as concerns over the U.S. dollar grow.
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