BlackRock – The company that owns the world?

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The world's largest investment company ...

The world’s largest investment company advises taking a closer look at cryptocurrencies
CONTENT

  • Cryptocurrencies May Become More Profitable than Government Bonds, BlackRock Says

  • Financial Markets Are Far From Stability Due to Coronacrisis

  • More and more financial companies are recognizing the effectiveness of using bitcoin to diversify their portfolio

International consortium of news organizations, developing transparency standards.

The world’s largest investment company by assets under management for the first time publicly advised to take a closer look at cryptocurrencies

Emerging markets could be an attractive investment opportunity if Joe Biden takes the presidency. Bloomberg writes about this, citing Rick Reader, chief investment officer of BlackRock..

The world's largest investment company ...

According to the top manager of the largest investment company, financial markets expect certain growth dynamics in the absence of a global second wave of coronavirus around the world..

“… I actually find some of the risky assets… much more attractive than Treasury bonds. Buying a 10-year bond for 75 basis points does not mean your return to the promised land, ”Reeder said..

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Significantly, BlackRock’s top investor has publicly acknowledged for the first time the benefits of cryptocurrencies as a complement to a balanced portfolio. In his opinion, the benefits of digital assets will be especially noticeable when markets turn their attention back to the pandemic. Previously, analysts at Fidelity Digital Assets found that adding just three percent in bitcoin to a portfolio of traditional assets from January 2015 to September 2020 would increase annual profits by more than 4%..

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At the same time, Reeder expects the United States to adopt another package of measures to stimulate the economy.

The world's largest investment company ...

According to a BlackRock top manager, the stalemate will prevent a sharp tax hike that will benefit technology and healthcare companies. Reeder also urged not to rush into excessive risks when investing, since the markets are still far from both the end of the coronavirus crisis and the appearance of a working vaccine..

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BlackRock’s call to take a closer look at cryptocurrencies did not go unnoticed. Over the past two days since the moment of writing the material the market capitalization of cryptocurrencies jumped by almost $ 50 billion. Together with the capitalization, the price of bitcoin, which is trading at around $ 15,575 (+ 8% per day), also increased. BlackRock is known as the largest investment company in the world in terms of assets under management. At the end of 2019, the size of assets under the management of the firm was $ 7.4 trillion.

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