Blackrock обсуждает биткойн как стратегический актив, слишком рискованный, чтобы не владеть им.

cryptonews.ruPublicado a 2024-05-05Actualizado a 2025-05-05

Биткоин меняет институциональный нарратив, так как Blackrock предупреждает, что теперь речь идет не о рисковой экспозиции, а о большем риске упустить неумолимый финансовый взлет криптовалют.

Blackrock выводит биткоин на передний план: может быть слишком рискованно не владеть им в сегодняшнем рынке

Робби Митчник, глава цифровых активов в Blackrock, крупнейшем в мире управляющем активами, подчеркнул во время криптоконференции Token2049, что институциональный взгляд на биткоин может резко измениться, если криптовалюта докажет, что может вести себя независимо от рисковых акций. В серии замечаний, которые он поделился с DL News после своего выступления на мероприятии, Митчник подчеркнул ключевой фактор, который может способствовать принятию биткоина в традиционных финансах: его корреляция с технологическими акциями. Он заявил:

Корреляция между биткоином и технологическими акциями станет абсолютно критически важным фактором. Если биткоин торгуется как технологическая акция, это не очень интересно для институций.

Глава цифровых активов Blackrock далее объяснил, что потенциальная роль BTC в создании портфеля зависит от его производительности в период спада на рынке. Если актив сможет проявлять низкую или даже обратную корреляцию с тем, что он назвал “левыми хвостовыми” событиями — тяжелыми и редкими отрицательными рыночными явлениями, это может существенно повысить его привлекательность как средства хеджирования. Он подчеркнул, что если BTC торгуется с низкой или даже отрицательной корреляцией с левыми хвостовыми событиями, «тогда он может стать потенциально очень важным портфельным активом для всех видов институциональных портфелей». В своем заключительном наблюдении Митчник предположил, что биткоин может перейти от спекулятивной ставки к стратегической необходимости в глазах крупных инвесторов, заявив:

Разговор идет от «Это слишком рискованно для нас?» к «Может быть рискованно не владеть им?»

Эти комментарии появляются в то время, когда BTC продолжает показывать признаки отделения от акций, причем некоторые сторонники утверждают, что актив созревает в более стабильное, с низкой волатильностью средство сохранения стоимости. В то время как критики предупреждают о сохраняющейся волатильности и нормативной непредсказуемости, сторонники цифровых активов видят смену рыночной динамики BTC как доказательство его долгосрочной институциональной значимости. Blackrock совершила значительный шаг на крипторынок, движимый заметным сдвигом в позиции своего генерального директора Ларри Финка. Под его руководством в январе 2024 года компания запустила Ishares Bitcoin Trust (IBIT), который с тех пор стал самым быстрорастущим ETF в истории. Финг, который ранее критиковал криптовалюты, сейчас поддерживает BTC как «цифровое золото» и считает его жизненно важным активом для портфелей, которые стремятся защититься от обесценивания валют и глобальных политических рисков. Его оптимистичная проекция в начале 2025 года, что биткоин может достигнуть $700,000, если суверенные фонды выделят даже 2%–5% на него, подчеркивает драматический поворот Уолл-Стрит в подходе к крипто.

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