BlackRock, the world’s largest asset management company, conducted an assessment of Bitcoin 
$99,148. The company indicated that the leading cryptocurrency shares a similar risk profile with major technology stocks known as the “Magnificent Seven,” and suggested that investors allocate up to 2% of their portfolios to Bitcoin.
BlackRock’s Cryptocurrency Report
A recent research report prepared by BlackRock’s team detailed why investors should consider investing in Bitcoin, a leading cryptocurrency. According to the report, Bitcoin’s risk profile closely resembles that of companies like Apple, Amazon, Tesla, Nvidia, Meta, Google, and Microsoft, collectively referred to as the “Magnificent Seven.”
The report stated that allocating 1% to 2% to Bitcoin could provide a risk profile similar to these major technology stocks. This allocation may help investors diversify their portfolios and manage their risks effectively.
