COINDESK DAILY: BlackRock Recommends 2% BTC Allocation
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 12 December 2024
⏱️ 3 minutes
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Summary
Host Christine Lee breaks down the latest news in the crypto industry as BlackRock recommends 1% to 2% of portfolio allocation towards bitcoin.
Asset management giant BlackRock, with over $10 trillion AUM, recommends investors allocate 1% to 2% of their portfolio towards bitcoin. Plus, wallets connected to President-elect Donald Trump's World Liberty Financial project purchased millions of dollars worth of altcoins, and Vancouver wants to become a "bitcoin-friendly city." "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:00.0 | The world's largest asset manager is recommending that you allocate 2% of your investments to Bitcoin. |
| 0:06.0 | This is CoinDest Daily. I'm your host Christine Lee. |
| 0:09.0 | Imagine a blockchain built for you. No wallets, no keys, no hassle. Just innovation. |
| 0:20.0 | Welcome to Zion. The first walletless layer one blockchain |
| 0:23.7 | purpose-built for consumer adoption. With Zion, developers can build launch and scale products |
| 0:29.4 | that are ready for the masses. No technical barriers for users, thanks to groundbreaking chain |
| 0:34.6 | abstraction. All it takes to join the crypto revolution? |
| 0:38.3 | An email. |
| 0:39.3 | Say goodbye to complexity and hello to possibility. |
| 0:42.5 | Ready to take the leap? |
| 0:43.7 | Explore Zion today at zion.org.com. |
| 0:47.1 | BlackRock Investment Institute is recommending a 1 to 2% portfolio allocation towards Bitcoin, |
| 0:53.4 | which would give it a similar risk profile |
| 0:55.4 | to the so-called Magnificent Seven Technology stocks in a standard 60-40 portfolio of stocks and |
| 1:01.8 | bonds. In a report called sizing Bitcoin in portfolios, analysts described that weighting |
| 1:07.0 | that weighting as a reasonable range, cautioning that anything beyond 2% would increase overall |
| 1:11.5 | portfolio risk. Forbes reporting that allocating just 1% of BlackRock's equity assets to Bitcoin |
| 1:17.3 | would equate to about 50 billion in net new demand for BTC. Crypto wallets connected to the |
| 1:24.0 | Trump family supported World Liberty Financial Project purchased millions of dollars |
| 1:28.3 | worth of various major tokens early Thursday, causing their prices to rocket, including 10 million |
| 1:34.3 | in ETH and 1 million each in AVE and chain links link tokens. The wallet has additionally spent |
| 1:41.0 | 30 million to buy ETH in the past 12 days per spot on chain. |
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