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No, Bitcoin isn't 'risk-on': BlackRock 🎲

No, Bitcoin isn't 'risk-on': BlackRock 🎲

BlackRock's Head of Digital Assets argued that the crypto industry had created a "self-inflicted wound" by promoting the idea that Bitcoin is a risk-on asset.

Stephen Graves
March 20, 2025

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📝 What you need to know

BlackRock Digital Asset Head Robert Mitchnick has disputed the idea that Bitcoin is a risk-on asset, arguing that the crypto industry had created a "self-inflicted wound" by promoting the idea.

A recession could be a "big catalyst" for the cryptocurrency, he said, adding that, "it's not clear that tariffs are a fundamental bad for Bitcoin."

Bitcoin received a boost Wednesday, surging past $86,000 as investors responded to signals of looser financial conditions from the Fed—but analysts are divided over whether inflationary pressures will subside.

BlackRock Digital Assets Head Criticizes Narrative of Bitcoin as a Risk-On Asset

BlackRock's Robert Mitchnick said that Bitcoin has acquired a reputation as a risky investment partly due to the crypto industry's messaging.

Bitcoin Surges Amid Eased Financial Conditions, Analyst Predicts All-Time High in Q2

Bitcoin has rallied as the Fed eases balance sheet reduction, fueling risk appetite amid shifting global liquidity conditions.

Bitnomial Plans to Launch 'First' US XRP Futures, Drops SEC Lawsuit

The crypto exchange has voluntarily dismissed its case against the SEC, citing improvements in regulatory clarity.

Treasury Expands Financial Surveillance of Cash Transactions—What About Crypto?

Cash transactions of $200 must soon be reported to the Treasury if you live along the southwest border of the U.S. Could it apply to crypto?

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