Bitcoin and other crypto assets surged following President-elect Donald Trump’s victory, as his second administration is expected to be favorable to the crypto sector. BlackRock’s Robbie Mitchnick noted that Bitcoin is often misunderstood as a risk-on asset. He emphasized that while bitcoin is a volatile and risky, it does not behave like equities or other traditional risk-on assets. Mitchnick highlighted new catalysts driving the post-election crypto rally and discussed the educational role BlackRock plays in helping investors understand the evolving landscape of digital assets.
Category
🗞
NewsTranscript
00:00It's Benzinga, bringing Wall Street to mainstream.
00:02Bitcoin and other crypto assets surged following President-elect Donald Trump's victory as his
00:06second administration is expected to be favorable to the crypto sector.
00:10BlackRock's Robby Michnik noted that Bitcoin is often misunderstood as a risk-on asset.
00:16He emphasized that while Bitcoin is a volatility and risky asset,
00:20it does not behave like equities or other traditional risk-on assets.
00:24Michnik highlighted new catalysts driving the post-election crypto rally
00:28and discussed the educational role BlackRock plays
00:31in helping investors understand the evolving landscape of digital assets.