BlackRock says improving BTC sentiment and stock decoupling are positive

BlackRock’s head of digital assets Robbie Mitchnick said investor sentiment toward Bitcoin has improved noticeably over the past month, according to The Block. Mitchnick said BTC began decoupling from stocks earlier this year and showed relative strength when AI-related shares saw a sharp correction in July. He said the decoupling supports the case for BTC as a portfolio diversification tool and a potential hedge against extreme downside risk, adding that spot Bitcoin ETF investors generally appear to have a long-term holding bias.