BlackRock: Bitcoin has similarities with gold and securities
The head of digital assets at the investment company BlackRock, speaking at the Bitcoin Investor Day conference in New York, said that Bitcoin is more like a precious metal than a risky asset. Robert Mitchnick mentioned the correlation of the first cryptocurrency with stocks, adding that historically the average long-term correlation was close to zero, and Bitcoin also had periods when the price fluctuated with the price of gold. If you imagine the correlation graphs…
