BlackRock Exec Robbie Mitchnick has refuted Bitcoin’s classification as a “risk-on” asset amid the ongoing rally in BTC. Robbie, the Head of Digital Assets for the leading asset manager, recently challenged this label during an interview with Yahoo Finance. While acknowledging Bitcoin’s volatility and citing it as a “risky asset”, he emphasized that it does not behave like traditional “risk-on assets”, offering a distinct investment profile for institutional and retail investors.
