他说，没有哪一个国家或政府控制着比特币，而且它是稀缺和去中心化的。Although Bitcoin has recently been highly correlated with the US stock market price trends, Robbie Mitchnick, Head of Digital Assets at BlackRock, stated that referring to cryptocurrencies as "risky" assets might be inappropriate.
Stocks, csi commodity equity index, and high yield bonds are generally considered risky assets, as they typically perform well during optimistic market and economic expansion periods. Assets like gold are often favored by investors during uncertain times.
"Gold exhibits many similar patterns," Mitchnick from BlackRock said in an interview. "Although for a period it may have some correlation with the stock market, in the long run, the correlation tends to approach zero."
He said that no country or government controls Bitcoin, and it is scarce and decentralized.
"When we think of Bitcoin, the first thing that comes to mind is a new emerging global currency alternative," Mitchnick said. "A scarce, global, decentralized, non-sovereign asset. And this asset carries no specific country risk or counterparty risk."
Robbie Mitchnick, Head of Digital Assets at BlackRock, discussed the custody of cryptocurrency etfs, SEC approval of IBIT options listed on Nasdaq, the correlation of cryptocurrency stocks, and ethereum etfs.
BlackRock operates exchange-traded funds (etf) and invests in Bitcoin and Ethereum. Mitchnick mentioned that while many investors view Bitcoin as digital gold – a store of value during times of pressure – many institutional clients find the narrative around Ethereum "a bit less clear."
Bitcoin has risen by 49% year-to-date, while Ethereum has risen by 15%, largely attributed to the approval of ETFs holding these two tokens earlier this year.