PANews reported on February 29 that a quantitative analyst from the asset management giant BlackRock suggested at a private Bitcoin event that it is reasonable to allocate 28% of the investment portfolio to Bitcoin. The recommendation reflects a significant shift in traditional investment firms’ attitude toward including cryptocurrencies in their asset allocations, demonstrating their recognition of the important role cryptocurrencies play in asset diversification.

Key points from the event included the promotion of spot Bitcoin ETFs, awareness of the growing interest in Bitcoin from the traditionally conservative investment community, recommendations to investors to allocate 28% of their portfolios to Bitcoin, and plans to capitalize on its massive Distribution network promotes Bitcoin and ETF products.