Blackrock are recommending that investors make a 28% allocation to BTC in their portfolio.
This came out of a recent Blackrock client event (according to
@Swan
).
The event was focused on promoting $IBIT - their spot BTC ETF.
@tedtalksmacro
@Swan
Sounds like a load of doodoo - no serious Asset Manager is telling people to yolo their money in so much volatility. Institutions like profit but also steady profit not 50% up today 30% down tomorrow
@tedtalksmacro
@naniXBT
@Swan
$TET could make that 1 BTC move at lightning speeds for practically nothing! Tectum is changing how we think about transaction speed and cost.