BlackRock Re-Underwrites Bitcoin, and the Portfolio Math Still Holds
Bitcoin Magazine BlackRock Re-Underwrites Bitcoin, and the Portfolio Math Still Holds BlackRock re-underwrites the Bitcoin thesis, finding that even modest allocations historically improved risk-adjusted returns in traditional portfolios. This post BlackRock Re-Underwrites Bitcoin, and the Portfoli
Source: Bitcoin Magazine
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DW NOTE
BlackRock ran the numbers again after Bitcoin fell 50% from its October 2025 high. The conclusion: modest allocations still improved risk-adjusted returns in traditional portfolios through the drawdown. When the largest asset manager in the world re-underwrites a thesis after a halving in price and arrives at the same answer, that is a data point worth noting.