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Robert Mitchnick - 3 Mitchnick - 3 bitcoin - 2 It's - 2 That's - 1 that's - 1 we're - 1 … IBIT - 1
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Search resuls for: "Robert Mitchnick"


4 mentions found


☆ Investors are focused 'overwhelmingly' on bitcoin over other cryptocurrencies, BlackRock says
  + stars: | 2024-03-29 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +4 min
BlackRock's push into crypto has been expeditious, but it may be hitting the brakes after bitcoin and ether. But Robert Mitchnick, BlackRock's head of digital assets, shut that possibility down at the Bitcoin Investor Day conference last week. He pointed out that bitcoin and ether make up the majority of the crypto market cap – bitcoin at 52% and ether at 16%, according to CoinMarketCap. In addition to bitcoin and ether ETFs, BlackRock is also exploring digital assets through tokenization efforts. "And we have clients who are comfortable and fluent on blockchain infrastructure, interacting with digital assets.
Persons: That's, Robert Mitchnick, Mitchnick, that's, we're, … IBIT, bitcoin, Wall, Larry Fink, CNBC's, it's Organizations: BlackRock, U.S, – Locations: BlackRock
☆ BlackRock says bitcoin returns likely to come down now that it has been embraced by Wall Street
  + stars: | 2024-03-26 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +3 min
If you're looking for your bitcoin to go to the moon, the window of opportunity may be slowly closing, according to BlackRock. "Certainly, returns going forward will come down," he said at the Bitcoin Investor Day conference in New York City Friday. That demand was "massive and clear" in 2023, when BlackRock filed to launch its iShares Bitcoin Trust. "I don't think we've seen the end of cycles in bitcoin," Mitchnick said. "[With] bitcoin, when the price goes up, the probabilities of success and adoption in some senses, as digital gold, are also changing," he said.
Persons: Robert Mitchnick, It's, –, Mitchnick, CNBC's Ganesh Rao Organizations: BlackRock Locations: BlackRock, New York, @GC
☆ Blackrock says bitcoin will be a good portfolio diversifier despite its recent rally with stocks
  + stars: | 2024-03-25 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +3 min
Bitcoin is more like digital gold than a so-called "risk-on" asset, according to Robert Mitchnick, BlackRock's digital assets lead. For years, bitcoin's ability to behave in different ways at different times has stumped investors . "Historically bitcoin's long-term average correlation [to stocks] has been close to zero – slightly positive, but close to zero," he said. While the recent rally was spurred by the launch of U.S. bitcoin ETFs, some on Wall Street have suggested that it may have recently fused into the more macroeconomic-fueled gold rally . Risk and portfolio construction That, understandably, adds confusion for newcomers to bitcoin investing, who are drawn to its digital gold-like qualities.
Persons: Robert Mitchnick, BlackRock's, bitcoin, It's, Bitcoin, bitcoin rocketed, Mitchnick Organizations: New York City, Fed, BlackRock Locations: New York
☆ Internal forums, major deals, and employee exits: Inside BlackRock's long road to embracing crypto
  + stars: | 2022-11-07 | by ( Rebecca Ungarino | Morgan Chittum | ) www.businessinsider.com   time to read: +13 min
A group of employees at the firm organized and started holding a forum to discuss crypto, five people familiar with the group told Insider. Eager, usually more junior, staff members huddled around to hear industry experts talk about crypto and blockchain. A junior employee touched off BlackRock's crypto effortsThe blockchain working group and the informal crypto-asset forum will end up being key footnotes in the firm's history. Leaving BlackRock for cryptoLader left BlackRock in June 2021 for Uniswap, the world's largest decentralized-exchange protocol, where she is now the chief operating officer. She was "very, very central" to the firm's crypto efforts," a former employee said.
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