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【Blackrock releases white paper detailing Bitcoin's status as a unique asset class】BlackRock,the world's largest asset manager,has published a nine-page white paper detailing Bitcoin's unique status as a major asset class.The white paper states that Bitcoin is not only a"unique diversification tool"but also difficult to evaluate using traditional asset analysis methods.Blackrock emphasized that Bitcoin is"virtually immune to the macro factors that affect most traditional asset classes,"which makes both its performance and price forecasting challenging.While Bitcoin is still considered a"high-risk"asset,it has outperformed all other major asset classes in seven of the last 10 years.Blackrock believes that the volatility of Bitcoin's price partly reflects its evolving prospects as a global currency alternative.The white paper also mentions that because Bitcoin appears to be independent of global macro factors,some investors see it as a"safe haven"option amid geopolitical tensions.
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