Bitcoin should make up 84.9% of your wallet according to BlackRock

For a long time, BlackRock had opposed bitcoin (BTC) as an investment alternative. The financial behemoth has finally turned around and set itself up as an apostle of the flagship crypto.

BlackRock believes in bitcoin’s potential

Once again, financial giant BlackRock is making news on the financial markets. This time, it’s not about the Bitcoin ETF application recently filed with the SEC. But about its BTC-related investment strategies, despite the fact that the bitcoin price is currently on a downward trend.

The financial behemoth believes in the potential of the flagship crypto. That’s why it suggests that investors dedicate a portion of their investments to bitcoin. A large part, it has to be said.

According to BlackRock, an optimal investment in the flagship crypto should be around 84.9%. In other words, an investment portfolio would need to cover this rate of bitcoin to be relevant.

Could it be a simple belief in the sustained dynamism of the asset, or rather an unspoken attempt to manipulate the market? What is certain is that the company’s suggestion has not left twitter users indifferent.

Indeed, BlackRock’s call caused quite a stir. Some are surprised by its relevance, wondering whether the company would follow its own recommendations. Many are skeptical about the company’s financial suggestion, which looks like a self-interested foot-in-the-door appeal.

For many others, this development should be taken with a grain of salt. For, as a deeply capitalist firm, BlackRock is only concerned with its own interests. In this respect, it is interesting to note that the company has a vested interest in the stability of the bitcoin market.

It was the wave of BTC breakthroughs since the beginning of the year, despite the bear market, that motivated the company to believe in the asset. And to offer its clients ETF services based on the asset.