BlackRock highlights Bitcoin’s long-term risk status

Second, bitcoin’s high volatility can be perceived as a “risky” asset, which contributes to the discussion of whether it is a “risk-on” or “risk-off” asset. The token could be considered a flight to safety option as it is rare, non-sovereign and decentralized. Ultimately, BlackRock pointed out that bitcoin’s long-term adoption may stem from global instability.