In an interview, the head of BlackRock’s crypto division, Robert Mitchnik, stated:

“Bitcoin is often mistakenly considered a risky asset, despite its frequent correlation with the stock market. If we look at it from a fundamental perspective, the drivers of Bitcoin in the long term are significantly different from what will drive stocks and other so-called risky assets, and in some cases, these factors may even be inverse.”

According to Mitchnik, the fundamental factors that influence Bitcoin’s price can differ greatly from those that drive the dynamics of traditional risky assets like stocks. This statement underscores Bitcoin’s unique role in the financial market and its potential as a long-term investment tool, which may not necessarily be subject to the same risks as traditional assets.

Why Bitcoin Shouldn’t Be Viewed as a Risky Asset

Experts like Robert Mitchnik emphasize that Bitcoin has its own unique growth drivers, which often do not depend on the broader economic environment or the stock market. Key factors influencing Bitcoin’s price include technological developments, institutional adoption, and global economic conditions, making it a strategic asset for the long term.