Bitcoin Rallies Following US Election. BlackRock Analyst Weighs In On BTC's Unique Market Shifts

Benzinga 2024-11-19

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Bitcoin and other crypto assets surged following President-elect Donald Trump’s victory, as his second administration is expected to be favorable to the crypto sector. BlackRock’s Robbie Mitchnick noted that Bitcoin is often misunderstood as a risk-on asset. He emphasized that while bitcoin is a volatile and risky, it does not behave like equities or other traditional risk-on assets. Mitchnick highlighted new catalysts driving the post-election crypto rally and discussed the educational role BlackRock plays in helping investors understand the evolving landscape of digital assets.

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