Robert Mitchnik, BlackRock's Head of Digital Assets, suggested that Bitcoin could evolve into a permanent low-beta asset as it begins to decouple from U.S. equities. This decoupling occurred amid escalating U.S.-China trade tensions, leading investors to move away from traditional assets like the Nasdaq and S&P 500. Mitchnik noted that such a transformation could be self-fulfilling, given the influence of recurring narratives by pundits and commentators around BTC as a safe haven. With Bitcoin showing relative stability, over $3 billion has flowed into U.S.-listed spot ETFs in just ten days, with BlackRock experiencing significant inflows. The shift towards more stable, long-term holders may contribute to Bitcoin's potential status as a low-beta investment. Jan van Eck, CEO of VanEck, added that reduced correlations between Bitcoin and traditional financial assets like the Nasdaq would encourage traders to hold more Bitcoin, regaining its appeal as a portfolio diversifier.

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