Presidential candidate buys 14 BTC, BlackRock suggests 85% exposure to bitcoin and hikes rates with 0,25%
Robert F. Kennedy Jr. says he bought 14 bitcoin for his kids
As the race for the White House heats up, Democratic candidate for U.S. president Robert Kennedy Jr, has come out as a proponent of Bitcoin, and says he has proven that commitment by buying 14 Bitcoin last May.
race for the White House heats up, Democratic candidate for U.S. president Robert Kennedy Jr, has come out as a proponent of Bitcoin, and says he has proven that commitment by buying 14 Bitcoin last May.
Source: Decrypt
FOMC hikes rates to 22-year highs
Bitcoin’s price performance strengthening after the Federal Open Market Committee (FOMC) took rates 0.25% higher.
This is traditionally the main cue for risk asset volatility, with markets closely watching Powell’s language for signs of future policy changes.
Confirmation of a hike of 25 basis points still brought benchmark interest rates to their highest level since 2001.
In an accompanying press release, the FOMC further hinted that should its roadmap toward 2% inflation become hindered, it would be prepared to take additional measures.
Source: Cointelegraph
BlackRock study reveals: optimal bitcoin allocation in portfolio is 84.9%
In a groundbreaking asset allocation study, the world’s largest and most influential asset manager BlackRock suggests a game-changing Bitcoin revelation for investors seeking to maximize returns.
The study, which tracks BTC as a standalone investable asset could be nothing short of transformative. While the study was written last year, it has gained newfound popularity across Twitter.
The study, conducted in April 2022, analyzed the performance of Bitcoin as an asset from July 2010 to December 2021 on a monthly basis. BlackRock’s findings indicate that for a 60–40 portfolio (60% equities and 40% bonds) with a fixed risk aversion of γ = 1.50, the optimal allocation to BTC is an astounding 84.9%.
The remaining 15.1% is suggested to be split between equities and bonds, with a 60–40 ratio.
Source: Bitcoinist
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In a Wednesday Twitter Spaces interview with crypto investor and podcaster Scott Melker, Kennedy called Bitcoin the currency of freedom, and said he decided to become a crypto investor after he was chided by media outlets for promoting Bitcoin but didn’t own any.
