BlackRock's head of digital assets criticizes the notion that Bitcoin is a risk asset

2025-03-20 09:14:40

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ChainCatcher news, according to Decrypt, despite the volatility in the crypto market, BlackRock's head of digital assets Robert Mitchnick emphasized in an interview with CNBC Squawk Box that Bitcoin is not a high-risk asset, but rather a "global, scarce, non-sovereign, decentralized" token.

Mitchnick pointed out that some research and commentary within the industry depict Bitcoin as a risk asset, leading to self-fulfilling volatility in the market. He believes that the impact of a U.S. economic recession on Bitcoin is overstated and could even serve as a catalyst for it. Furthermore, he stated that despite macroeconomic uncertainties, Bitcoin has still risen about 15% since last November, and called 2024 a "historic year," asserting that Bitcoin's long-term trend makes it "digital gold."

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