BlackRock With $11 Trillion Assets Says Central Banks Eye Bitcoin Diversification Amid Uncertainty

BlackRock, the world's largest asset manager overseeing approximately $11 trillion in assets, has indicated that central banks are exploring diversification into Bitcoin. Jay Jacobs, BlackRock's US Head of Equity ETFs, stated that Bitcoin tends to thrive amid uncertainty and highlighted that the cryptocurrency has become decoupled from tech stocks over the long term. This shift reflects a growing interest from central banks in Bitcoin as a potential asset for diversification during periods of market uncertainty.

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