{"id":49702,"date":"2026-08-18T16:49:08","date_gmt":"2026-08-18T16:49:08","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49702"},"modified":"2026-08-18T16:49:08","modified_gmt":"2026-08-18T16:49:08","slug":"bitcoin-is-down-but-assets-role-as-global-monetary-alternative-remains-says-blackrock","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49702","title":{"rendered":"Bitcoin Is Down but Asset\u2019s Role as Global Monetary Alternative Remains, Says Blackrock"},"content":{"rendered":"<p><a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a><br \/>\n<img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/08\/Bitcoin-Is-Down-but-Assets-Role-as-Global-Monetary-Alternative-Remains-Says-BlackRock.jpg\" \/><br \/>\n<a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/news\/bitcoin-role-in-portfolio-blackrock\">Bitcoin Is Down but Asset\u2019s Role as Global Monetary Alternative Remains, Says Blackrock<\/a><\/p>\n<div><\/div>\n<p class=\"wp-block-paragraph\">Bitcoin\u2019s price is down nearly 50% since its October record. But investors shouldn\u2019t worry, the world\u2019s largest asset manager has said, and the cryptocurrency still plays a role as \u201ca global monetary alternative.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\">In a report Monday, Robert Mitchnick, global head of digital assets at the firm, said that the ongoing rise in U.S. and global government debt and deficits hasn\u2019t slowed.\u00a0<\/p>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/bitcoinmagazine.com\/news\/blackrock-tells-investors-to-put-bitcoin\">BlackRock<\/a> has argued alongside other Bitcoin proponents that the oldest and biggest cryptocurrency can be a hedge against governments printing money.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: $15 trillion BlackRock reports they&#8217;re still bullish on Bitcoin despite the -50% decline from its all time high <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f440.png\" alt=\"\ud83d\udc40\" class=\"wp-smiley\" \/><\/p>\n<p>&#8220;bitcoin\u2019s core investment case as an important emerging global monetary alternative and unique portfolio diversifier remains unchanged.&#8221; <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f680.png\" alt=\"\ud83d\ude80\" class=\"wp-smiley\" \/> <a href=\"https:\/\/t.co\/lL2tWQ6iZr\">pic.twitter.com\/lL2tWQ6iZr<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/x.com\/BitcoinMagazine\/status\/2089704797595111926?ref_src=twsrc%5Etfw\">August 18, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p class=\"wp-block-paragraph\">Noting that there was seemingly no way governments could not debase their currencies, the report added: \u201cWith no credible path for consolidation on the horizon, these fiscal dynamics reinforce the strategic case for assets with supply constraints beyond the discretion of central banks, governed by geology in the case of gold and mathematics and code in the case of bitcoin.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The Wall Street titan added that bitcoin\u2019s price has consistently been volatile during its 17-year history, but investors shouldn\u2019t be put off.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">\u201cAnd while bitcoin remains inherently volatile, its volatility has trended lower over the past decade as market structure has matured, supported by the growth of derivatives markets and the expansion of and exchange-traded products,\u201d the report noted.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The report continued by saying that the asset still deserves a spot in investors\u2019 portfolios for uncorrelated returns.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Wall Street\u2019s top regulator, the SEC, approved BlackRock\u2019s iShares Bitcoin Trust in January 2024.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Of all the Bitcoin ETFs, BlackRock\u2019s product has been the most successful, attracting the most investment and trading volume.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">BlackRock has previously said that Bitcoin is in an asset class of its own, and that investors are buying it to hedge against any potential debt crises.<\/p>\n<p class=\"wp-block-paragraph\">Bitcoin\u2019s price recently stood at $64,713, up by nearly 2% over the past day but flat over a 30-day period. Year-to-date, the asset is down 27% and has shed nearly half of its value since its all-time high last year of $126,080.\u00a0<\/p>\n<p>This post <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/news\/bitcoin-role-in-portfolio-blackrock\">Bitcoin Is Down but Asset\u2019s Role as Global Monetary Alternative Remains, Says Blackrock<\/a> first appeared on <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a> and is written by <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/authors\/mathewdisalvo\">Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Magazine Bitcoin Is Down but Asset\u2019s Role as Global Monetary Alternative Remains, Says Blackrock Bitcoin\u2019s price is down nearly 50% since its October record. But investors shouldn\u2019t worry, the world\u2019s largest asset manager has said, and the cryptocurrency still plays a role as \u201ca global monetary alternative.\u201d\u00a0 In a report Monday, Robert Mitchnick, global [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49703,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-49702","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Is Down but Asset\u2019s Role as Global Monetary Alternative Remains, Says Blackrock - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49702\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Is Down but Asset\u2019s Role as Global Monetary Alternative Remains, Says Blackrock - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Bitcoin Is Down but Asset\u2019s Role as Global Monetary Alternative Remains, Says Blackrock Bitcoin\u2019s price is down nearly 50% since its October record. But investors shouldn\u2019t worry, the world\u2019s largest asset manager has said, and the cryptocurrency still plays a role as \u201ca global monetary alternative.\u201d\u00a0 In a report Monday, Robert Mitchnick, global [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=49702\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-18T16:49:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/08\/Bitcoin-Is-Down-but-Assets-Role-as-Global-Monetary-Alternative-Remains-Says-BlackRock.jpg\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49702#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49702\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Bitcoin Is Down but Asset\u2019s Role as Global Monetary Alternative Remains, Says Blackrock\",\"datePublished\":\"2026-08-18T16:49:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49702\"},\"wordCount\":433,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49702#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-Is-Down-but-Assets-Role-as-Global-Monetary-Alternative-Remains-Says-BlackRock-cLWsvh.jpg\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49702\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=49702\",\"name\":\"Bitcoin Is Down but Asset\u2019s Role as Global Monetary Alternative Remains, Says Blackrock - 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