BlackRock: Bitcoin could soon be risky not to own

BlackRock's Robbie Mitchnick says Bitcoin (BTC) could become a key asset for institutions if it continues to decouple from tech stocks, according to DL News. If Bitcoin trades with low or negative correlation to “left tail” events—extreme downside risks—it could shift from being viewed as too risky to a must-own for institutional portfolios. Mitchnick's comments reflect growing optimism around Bitcoin as it increasingly behaves like a safe haven asset, similar to gold.