Written by The Old Taylor
Compiled by: TechFlow
BlackRock recently held a private event for their top clients and industry players, and there was a lot of exciting news at the private event! The following four key points roughly cover the insights I gained from the event.
Point 1
BlackRock held an exclusive event for its top clients to promote the Bitcoin ETF. This proves that BlackRock is preparing to use its marketing and sales departments to promote Bitcoin and their ETF products.
Point 2
A senior BlackRock employee once said: "We're getting a lot of calls from people we never thought we'd get calls from."
If these calls surprise BlackRock, they surprise us, too, and that makes us think that there may be unexpected participants in this bull run.
Point 3
They brought in a quantitative analyst to give a presentation on valuation and modeling of Bitcoin in portfolios.
He advises investors on what types of allocations to make, keeping in mind that this is for more conservative investors.
What amount does he recommend? BlackRock analysts suggest that 28% of a portfolio in Bitcoin is “not unreasonable.”
Point 4
Finally, BlackRock is one of the largest asset managers in the world and will likely communicate this information to all of their clients now that their top clients have had time to digest it.