Bitcoin’s volatility hasn’t scared BlackRock away. Instead, they’re embracing it. They call Bitcoin a “unique diversifier” for investors. It’s not your typical “risky” asset, they say. Sure, Bitcoin swings all over the place in the short term,

As investors seek ways to harness Bitcoin’s volatile and often unpredictable nature, BlackRock argues that Bitcoin’s prices may be uncorrelated to stocks and other traditional assets in a new report.

BlackRock's latest report shows that bitcoin has a very low correlation to U.S. equities on a trailing six-month basis.