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Blackrock Crypto Guru Proclaims Bitcoin the Safest Investment Ever Made by a Person Clearly Insane

BitcoinInstitutional InvestorsRegulation/Negotiation Sam Rogers October 4, 2024

A figure of Robbie Mitchnick stands confidently behind a podium with a Bitcoin logo in the background, while nearby are images of rising stock prices and falling bond yields. Gold bars float above him, symbolizing his comparison between bitcoin and gold as safe-haven assets.

Just when you thought no one was dumber than crypto bros, along comes the Head of Crypto at Blackrock spouting off about how Bitcoin is a ‘risk-off’ asset. Because what’s more risk-free than an unregulated digital currency that can be hacked into oblivion with a single exploit? And don’t even get me started on its correlation to US stocks – because nothing says stability like following the same trends as equities trading in a global market downturn. But hey, at least he acknowledges Bitcoin’s decentralized nature and scarcity… which is just code for ‘we have no idea how it works but we’ll keep calling it .

Source: bitcoin.com

Blackrock's Head of Crypto Sees Bitcoin as 'Risk Off' Asset Despite Stock Correlation
https://news.bitcoin.com/blackrocks-head-of-crypto-sees-bitcoin-as-risk-off-asset-despite-stock-correlation
Blackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to its decentralized structure and limited supply as crucial factors setting it apart. Blackrock’s increasing engagement with bitcoin is also reflected in the strong performance of its spot bitcoin exchange-traded fund (ETF). Robbie Mitchnick, Blackrock’s head of digital assets, discussed his […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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