BlackRock Suggests 1-2% Bitcoin Allocation as a ‘Prudent’ Portfolio Strategy
Global asset management giant BlackRock has suggested that a portfolio allocation of up to 2% in Bitcoin is a “reasonable” choice for investors seeking exposure to the cryptocurrency, according to a report released on December 12. The report, advises that a 1-2% allocation offers a balanced approach to Bitcoin exposure. However, it warns that exceeding […]
Why Major Tech Companies Like Amazon Might Be Reluctant to Embrace Bitcoin
Tech giants like Amazon, holding $87 billion in cash reserves, face the challenge of inflation eroding purchasing power. A shareholder proposal from the National Center for Public Policy Research (NCPPR) urges Amazon to consider adopting Bitcoin as a treasury asset, presenting it as a hedge against inflation. The proposal argues traditional measures of inflation, like […]
Bitcoin May Soar to $160K by 2025 Amid Favorable Macro Trends
The price of Bitcoin might soar to $160,000 in 2025, driven by favorable global economic conditions and accommodating monetary policies, according to a recent analysis by crypto services firm Matrixport. Bitcoin made history on Dec. 6, reaching the $100,000 milestone for the first time—a moment that many in the crypto community had eagerly anticipated. Adding […]