BlackRock: Bitcoin still diversifies portfolios even as Wall Street capital flows in
- —BlackRock says Bitcoin retains its diversifying properties amid institutional inflows
- —IBIT attracted more than $108 million in a single day on September 18
- —BlackRock estimates data center and AI infrastructure spending at $10 trillion over five years
- —The firm advises looking at AI beyond technology, through energy, copper and data centers
Why it matters: Support from the world's largest asset manager strengthens the case for including BTC in institutional portfolios.
Source: Blockmedia