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The Pomp Podcast

#1339 Robert Mitchnick | The REAL Reason Why Blackrock is Buying Bitcoin

Apr 8, 2024
28:41
Snipd AI
Robert Mitchnick, Head of Digital Assets at BlackRock, discusses the process of launching bitcoin ETF, client demand, regulation, and future outlook for bitcoin. The podcast also touches on topics like enhancing productivity with a portable screen, crypto betting, strategic steps towards bitcoin adoption at BlackRock, bitcoin fund inflows, institutional investment analysis, and evolution of bitcoin in traditional finance and blockchain technology integration.
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Podcast summary created with Snipd AI

Quick takeaways

  • BlackRock embraced Bitcoin after analyzing tech and client demand, preparing for ETF rollout.
  • Institutions evaluate Bitcoin's correlations for portfolio construction, balancing diversification and risk management.

Deep dives

BlackRock's Adoption of Bitcoin and Launch of Bitcoin ETFs

BlackRock's decision to embrace Bitcoin and introduce Bitcoin ETFs was a prolonged process. Starting by analyzing the technology and asset class years ago, they progressed as infrastructure improved and client interest grew consistently. By collaborating with Coinbase and launching a private Bitcoin fund, they prepared for the ETF rollout based on substantial client demand and the need for accessible exposure solutions.

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