BlackRock Holds Private Lecture for High Net Worth Clients, Recommends Bitcoin Investment Ratio of 28%
BlackRock, the world’s largest asset management company, recently held a private event with Bitcoin as the main theme. Steven Lubka, the head of the family office, shared a summary of the event, highlighting four key points.
1. Large investors have yet to take action.
Steven Lubka pointed out that this exclusive event organized by BlackRock was aimed at its “top clients” to promote spot Bitcoin ETFs. This indicates that BlackRock is preparing to use its marketing and sales mechanisms to promote Bitcoin ETF products on a large scale.
2. Increasing interest from traditional institutions.
Senior employees at BlackRock revealed that traditional institutions’ interest in Bitcoin seems to be growing daily. They have received calls from people they never thought would reach out to them. Steven Lubka believes that this indicates that Bitcoin’s appeal is far beyond early adopters and investors familiar with blockchain technology. It suggests a significant shift in the public’s perception of Bitcoin, and mainstream institutions may join in the future. He expects this bull market to include unexpected participants.
3. Recommended allocation of 28% to Bitcoin investments.
BlackRock’s quantitative analysts advocate allocating 28% of investment portfolios to Bitcoin. Steven Lubka pointed out that this 28% recommendation is still for more conservative institutional investors. This demonstrates a significant change in traditional institutions’ stance towards cryptocurrencies, especially for BlackRock, a traditional institution.
4. Marketing machine about to launch.
In the final point, Steven Lubka mentioned that BlackRock is planning to utilize its extensive marketing network to promote Bitcoin ETF products. BlackRock possesses one of the world’s largest marketing machines. He concluded that this event is not only targeted at their top clients, and once these top clients digest this information, BlackRock is likely to further promote it among all customer groups.
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