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Home›Crypto›Market Structure›BlackRock says bitcoin sentiment is improving as it se…

BlackRock says bitcoin sentiment is improving as it separates from stocks

BlackRock said the decoupling is viewed by many investors as consistent with bitcoin's role as a diversifier.

Reported · Written up by our desk · Market Structure

BlackRock says bitcoin sentiment is improving as the asset becomes less tied to stock market moves, a development it links to the growing idea that bitcoin can diversify a portfolio.\n

The Block reports that BlackRock characterized the shift away from stocks as an expected part of bitcoin's thesis for many investors.\n

According to The Block, BlackRock described the decoupling as healthy and tied to why some market participants hold bitcoin as a diversifier rather than as a direct proxy for equities.

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Sources

The BlockBlackRock says bitcoin sentiment is turning as decoupling from stocks takes hold

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