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BlackRock's head of digital assets criticized the claim that Bitcoin is a risky asset.
According to ChainCatcher news and reported by Decrypt, despite the Fluctuation in the crypto market, BlackRock's digital asset head Robert Mitchnick emphasized in an interview with CNBC Squawk Box that Bitcoin is not a high-risk asset, but a "global, scarce, non-sovereign, and Decentralization" Token. Mitchnick pointed out that some research and commentary within the industry portray Bitcoin as a risk asset, leading to a self-fulfilling Fluctuation in the market. He believes that the impact of the U.S. economic recession on Bitcoin is exaggerated and may even serve as a catalyst. Furthermore, he stated that despite the uncertainty in the macro economy, Bitcoin has still risen about 15% since last November, calling 2024 a "historic year," with Bitcoin's long-term trend making it "digital gold."