BlackRock releases educational Bitcoin video, indicates cryptocurrency acceptance

Investing.com -- BlackRock (NYSE:BLK ), recognized as the world's biggest asset manager, controlling $11.5 trillion in assets, has made a significant move toward embracing cryptocurrencies. The company recently launched a three-minute educational video focused on Bitcoin , the leading digital currency. This move comes on the heels of BlackRock's recent advice to investors that they could consider allocating up to 2% of their portfolio to Bitcoin.

This suggests an increasing acceptance of cryptocurrencies within conventional financial portfolios. Bitcoin, in particular, has seen a substantial increase in its value this year, with a rise of over 150%.

In addition, BlackRock is the owner of the iShares Bitcoin Trust ETF, further indicating its growing interest in and acceptance of the digital currency market.

Link to video

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Source: Investing.com