BlackRock Highlights Bitcoin’s Long-Term Risk-Off Status

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By Maya Cantina

Second, bitcoin’s high volatility can be considered a “risk-on” asset, which contributes to the discussion of whether it is a “risk-on” or “risk-off” asset. This token can be considered a flight to safety option due to its scarce, non-sovereign and decentralized nature. Lastly, BlackRock suggests that long-term adoption of bitcoin may be due to global instability.

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