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The world’s biggest asset manager says that Bitcoin does have a place in multi-asset portfolios — up to a certain point.
Giving Bitcoin a 1% to 2% weighting would produce a similar risk profile to the so-called Magnificent Seven technology stocks in a standard 60/40 portfolio of stocks and bonds, according to a BlackRock Investment Institute paper released Thursday. That’s a “reasonable range” to devote to Bitcoin, as anything beyond 2% would sharply increase crypto’s share of overall portfolio risk, the paper said.
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