According to the authors, the “Bitcoin Black Book” is designed to make this asset more understandable for the traditional market and banks. The document presents a set of reports concerning the first cryptocurrency and its structure. According to them, Bitcoin is becoming an increasingly common asset in investor portfolios, despite high volatility and risks compared to traditional assets.
The document emphasizes that institutional investors are no longer deterred by the high volatility of Bitcoin. They employ advanced risk management strategies to mitigate potential drawdowns, including adjusting portfolio allocations based on Bitcoin’s performance in the market.
Bitcoin is moving beyond its traditional function as a store of value and becoming an integral part of the global computing landscape, which involves using the underlying Bitcoin blockchain infrastructure for computing solutions, the authors said.
According to them, as soon as a clear framework for working with Bitcoin is created, banking institutions will begin to invest in the first cryptocurrency with greater confidence. By the end of 2025, the price of the asset could be at least $200,000 against the backdrop of growing US government debt, which has exceeded $35 trillion, Bernstein analysts suggest.
Earlier, the CEO of the Indian cryptocurrency exchange BuyUcoin, Shivam Thakral, said that the upcoming presidential elections in the United States and the reduction of interest rates by the Federal Reserve System (FRS) will lead to growth in the crypto market.
Source: Bits
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