BlackRock describes Bitcoin as a unique diversifier with strong returns and low correlation to traditional financial risks.
BlackRock raises concerns about the $35 trillion US debt and suggests Bitcoin as a potential safeguard for investors.
CEO Larry Fink highlights the need for economic growth to manage deficits and hints at Bitcoin as part of the solution.
BlackRock's move into Bitcoin, including SEC-approved options trading for their IBIT fund, indicates a broader acceptance and integration of digital assets.