Blackrock, the world's largest asset manager, has published a new report reaffirming its long-term bullish stance on Bitcoin, even after the cryptocurrency tumbled more than 50% from its October 2025 high. The report, titled "Re-Underwriting Bitcoin," argues the pullback hasn't changed the investment case, and the firm continues to recommend a 1-2% portfolio allocation to Bitcoin, funded out of equities.
The 50% pullback
Bitcoin has fallen more than 50% from its October 2025 peak. That's a steep drop by any measure. But Blackrock's new report argues the decline doesn't undermine the asset's long-term investment case. The firm is essentially saying the correction is a blip in a longer story.
Inside 'Re-Underwriting Bitcoin'
The report, published this month, lays out the firm's reasoning for staying the course. It's a detailed look at why Blackrock still sees Bitcoin as a viable portfolio asset despite the recent pain. The report doesn't just defend the position; it also reiterates the firm's recommended allocation.
The allocation stays
Blackrock recommends a 1-2% allocation to Bitcoin, funded out of equities. That's a specific number that has been a consistent part of the firm's guidance. The new report reaffirms that stance, signaling that the firm isn't wavering on its conviction.
For now, Blackrock is holding its ground.
