And so I'm a a major believer that there Is a role for Bitcoin and in portfolios That was Larry Fink the CEO of the World's most powerful company Black Rock And he's saying there needs to be room For Bitcoin in your portfolio and They're saying that because Black Rock Just released this giant report many Many pages long I read this report so You don't have to and I got three giant Takeaways including a price prediction From Black Rock on where Bitcoin is Going to go but the first thing we're Going to be looking at here is from Dr Jan westenfeld uh this was one of the Key takeaways from this recent report From Black Rock on bitcoin one aspect That stood out to me is the table Comparing the performance of Bitcoin the S&P 500 aka the stock market and gold Following major political events why Found the actual page and they have a Little bit of an intro to this section That is pretty important here and they Say that the asset AKA Bitcoin is Largely detached from certain critical Risk factors including Bank in system Sovereign debt and currency debasement Geopolitical disruption and other Economic risks so Bitcoin is in a unique Position as far as risk assets go when There is something risky happening Within the world now they threw out Different examples spanning multiple
Years and you can see they have the Stock market gold and Bitcoin and they Look at the 10-day return and the 60-day Return on even the 10day return you can See Bitcoin largely on average Outperforming the stock market and Outperforming gold but when you look at The 60 day return Bitcoin smokes the Competition it's not even close Absolutely crushes the stock market and Gold prices here 20% versus minus 7% in A 6% pump all the way for the 2020 us Election challenges Bitcoin rallied 131% Over the next 60 days so you can see it Didn't matter what the event was Bitcoin Outperform the stock market and Outperform gold on a 60-day return now Black Rock does have an explanation in The immediate aftermath sometimes you See Bitcoin head to the downside well They say that the fact that is an asset That trades 247 and settles to Cash near Instantaneously makes it a highly Sellable asset during periods of stress Liquidity so if something major happens At 1000 p.m. on a Saturday night you Can't exactly sell your stock you can't Exactly sell gold but you can sell Bitcoin and so they say in the short Term Bitcoin may have extra volatility But you can see on the 60-day Bitcoin in The long run is the better move the Number two takeaway before the price Prediction here at number three is from
Eric balunis you can see he's a senior ETF analyst for Bloomberg following his Stuff for a while and the black rock is Commenting on the US debt saying there Is no end in sight and Bitcoin can offer Protection from this and when we scan to That part you can see they title it US Debt Dynamics reenter the focus and the Yellow line you're seeing right here is The accumulative amount of debt that the US has experienced and if you didn't Know you can actually track the debt on A per second basis this is our US National debt right now and we are $35 Trillion and debt in fact just the Interest on our debt is a billion Dollars every 8 hours that's just the Interest that's not actually what the Debt increases by it increases even Faster so they have a breakdown on this Debt spiral that we're essentially in Right now and you can see projected debt Is not slowing down Black Rock the World's most powerful company and some Would say the best connected company in The world is saying debt is not slowing Down ever in fact if you go all the way To 2030 it looks like it's going to be Pretty close to about 44 $4 trillion in Debt now because of this debt spiral is Saying Reserve assets as a potential Hedge against possible events are going To be very appealing here so again very Bullish for Bitcoin but what was that
Black rock price prediction that you Said and what is their conclusion when It comes to bitcoin well they don't Quite give you a price prediction per se Because they have to be very careful in Fact they don't give you any kind of Predictions on what kind of market cap Is going to have or what one coin is Going to cost all they do is measure Bull market Peaks here and talk about The accumul return of 800,000 X now you can see the first Cycle we had a almost 600x then that Went to about a 550x the 500x then Turned into a 100x for Bitcoin and then The 100x turned into a 21x for Bitcoin But now with us debt spiraling we have More and more Nations increasing their Debt as well Black Rock signaling Interest and just more Global Uncertainty I can't help but think you Know we're not going to be that far away From a 20x potentially you know around 10x would be my prediction and if you're Wondering what this low number was it Was right around 15,500 so you're looking at around $155,000 Bitcoin and if you're wondering What their conclusion is it is very Bullish for Bitcoin here now they say it Is going to show some co- movements with Equities and other risk assets over the Long term but its fundamental drivers Are starkly different and they say you
Know what are some examples here you Know as the community grapples with Rising geopolitical tensions concerns Over the state of US debt and deficits Increase political instability around The world Bitcoin May seen as an Increasingly unique diversifier against Some of these risk factors investors May Face elsewhere in their portfolio so you See Larry fank turning very bullish Black Rock turning very bullish and in a Way kind of bearish on the dollar so Black rock is singling a lot of interest In Bitcoin I'm interested in Bitcoin for These reasons as well follow the smart Money follow Black Rock folks you will Not regret it folks that's all I have For you hopefully I'll see you and your Black rock Diamond handed Bitcoin bags At the top
