Bitcoin’s adoption trajectory will largely depend on future macroeconomic and geopolitical concerns, according to BlackRock.
Bitcoin rallied nearly 6% after the world’s largest asset manager issued a white paper highlighting the digital asset’s potential as a hedge against monetary and geopolitical risks.
BlackRock published a Bitcoin (BTC) white paper on its appeal to investors as a “unique diversifier” that is detached from traditional fiscal and geopolitical risks.
The Bitcoin price bottomed out shortly before senior Bloomberg ETF analyst Eric Balchunas shared the nine-page white paper in a Sept. 18 X post.
