Bitcoin Belongs In An 'Ideal' Portfolio, Says BlackRock Executive, But Thinks A 5% Allocation Is High

Benzinga

BlackRock’s Rick Rieder said Tuesday that an “ideal” portfolio should include exposure to hard assets like gold and Bitcoin as protection against potential currency depreciation. Speaking to CNBC, the Global Fixed Income CIO said a 5% Bitcoin allocation feels “high” to him, while BlackRock’s Global Allocation Fund maintains a 3 to 5% exposure to gold. Last year, BlackRock recommended 1 to 2% Bitcoin exposure in multi-asset portfolios, warning that exceeding 2% could elevate risk. Rieder added that gold appears to be a stronger currency hedge, while Bitcoin trades more closely with the Nasdaq. Bitcoin, which has been marketed as an inflation hedge, has instead traded like a risk-on asset this year, tumbling to $75,000 after Trump announced sweeping tariffs. BTC last traded at $112,351, down 0.52% in 24 hours, according to Benzinga Pro.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03BlackRock's Rick Reeder said Tuesday that an ideal portfolio should include exposure to hard

00:08assets like gold and Bitcoin as protection against potential currency depreciation.

00:13Speaking to CNBC, the global fixed income CIO said a 5% Bitcoin allocation feels high to him,

00:20while BlackRock's global allocation fund maintains a 3 to 5% exposure to gold.

00:25Last year, BlackRock recommended 1 to 2% Bitcoin exposure in multi-asset portfolios,

00:32warning that exceeding 2% could elevate risk.

00:35Reeder added that gold appears to be a stronger currency hedge,

00:38while Bitcoin trades more closely with the Nasdaq.

00:41Bitcoin, which has been marketed as an inflation hedge,

00:44has instead traded like a risk-on asset this year,

00:47tumbling to $75,000 after Trump announced sweeping tariffs.

00:51BTC last traded at $112,351, down 0.52% in 24 hours, according to Benzinga Pro.

01:00For all things money, visit Benzinga.com.

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