COINDESK DAILY: BlackRock Recommends 2% BTC Allocation

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Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 12 December 2024

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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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. - Imagine a blockchain built for you. No wallets, no keys, no hassle—just innovation. Welcome to XION, the first walletless layer-one blockchain purpose-built for consumer adoption. With XION, developers can build, launch, and scale products that are ready for the masses—no technical barriers for users, thanks to groundbreaking Chain Abstraction. All it takes to join the crypto revolution? An email. Say goodbye to complexity and hello to possibility. Ready to take the leap? Explore XION today at xion.burnt.com - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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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