Too Risky Not to Own: BlackRock Backs Bitcoin as a Strategic Asset

For years, traditional finance folks saw Bitcoin as the wild child of the investing world. Volatile, unpredictable, and probably just a passing trend. Fast forward to now, and the world’s largest asset manager, BlackRock, is flipping the narrative. Their take? It might actually be too risky not to own some Bitcoin. Bitcoin ETF inflows for.. The post Too Risky Not to Own: BlackRock Backs Bitcoin as a Strategic Asset appeared first on 99Bitcoins.

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May 6, 2025 - 09:00

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For years, traditional finance folks saw Bitcoin as the wild child of the investing world. Volatile, unpredictable, and probably just a passing trend. Fast forward to now, and the world’s largest asset manager, BlackRock, is flipping the narrative. Their take? It might actually be too risky not to own some Bitcoin. Bitcoin ETF inflows for 2025 show growing trust in digital assets among traditional finance firms.

That’s right. BlackRock, which oversees more than $10 trillion in assets, is now calling Bitcoin a “strategic asset.” And it’s not just words, they’ve got skin in the game.

From Skepticism to Strategy

Robbie Mitchnick, head of digital assets at BlackRock, the world’s largest asset manager, made the point during his talk at Token2049. BlackRock didn’t always have warm feelings toward crypto. But like many institutions, the firm has slowly changed its tune. Why? Because the data is getting harder to ignore.

Bitcoin has outperformed just about everything over the past decade. It’s not tied to any central bank, it’s got a hard supply cap, and it’s become a global alternative for investors who don’t entirely trust fiat currencies.