The Managing Director of BlackRock mentioned at an event that Bitcoin offers higher upside and lower downside compared to gold as both serve as macro hedges.
Bitcoin's advantages over gold include efficient storage, global real-time transfers at low costs, and digital-native design.
Investors are diversifying into both Bitcoin and gold, with portfolio rebalancing between the two assets becoming more common, indicating a broadening in the hedge category.
The institutional validation of Bitcoin continues to grow, with major endorsements like BlackRock highlighting BTC's role as a hedge against inflation and geopolitical uncertainty.