BlackRock executive: Bitcoin may evolve into a low beta investment vehicle.

According to Jinse Finance and reported by CoinDesk, Robert Mitchinik, head of digital assets at BlackRock, stated at the Token2049 conference in Dubai that Bitcoin may gradually evolve into a low beta investment vehicle. Recently, Bitcoin has shown signs of depegging from the U.S. stock market, maintaining relative stability amid the tense U.S.-China trade situation, reinforcing its status as a safe-haven asset.

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