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BlackRock, the $9 trillion asset management firm, has declared Bitcoin a viable hedge against global disorder and geopolitical uncertainty.
The company views Bitcoin as a global monetary alternative amid declining trust in traditional financial systems.
Since the launch of BlackRock’s Bitcoin ETF in January 2024, Bitcoin’s price surged to an all-time high of $73,000 by March.
BlackRock’s Head of Thematic and Active ETFs, Jay Jacobs, highlighted Bitcoin's role in diversifying portfolios and addressing geopolitical risks, despite its high volatility