BlackRock thinks Bitcoin could thrive in a recession – Will it?
Portfolio Pulse from
BlackRock's Head of Digital Assets, Robbie Mitchnick, believes Bitcoin could thrive during a recession, citing potential benefits from fiscal stimulus, lower interest rates, and monetary easing. Despite recent price volatility and a 22% decline from all-time highs, BlackRock remains bullish, holding 570,582 BTC in its iShares Bitcoin Trust ETF (IBIT).
March 21, 2025 | 6:15 am
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BlackRock's iShares Bitcoin Trust ETF has accumulated 570,582 BTC, with 22,076 BTC added this year, reflecting confidence in Bitcoin's potential performance during a recession.
BlackRock's continued investment and bullish stance suggest potential positive short-term performance for the Bitcoin ETF, especially if recessionary conditions emerge.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90