Bitcoin: BlackRock maintains its 1 to 2% allocation despite the drop

Bitcoin lost more than 50% between its October 2025 record and its June low. However, BlackRock does not change its position. In a new report dedicated to BTC, the world’s largest asset manager maintains an allocation of 1 to 2% in a traditional portfolio. For them, the drop mainly comes from leverage, institutional outflows, and sales by large holders. Not from a change in the Bitcoin case.

In brief

Bitcoin keeps its place at BlackRock

BlackRock has long defended an allocation of 1 to 2% in bitcoin. The recent months’ decline does not change this recommendation. The group updated its calculations over ten years. In a classic portfolio composed of 60% stocks and 40% bonds, this small exposure to bitcoin would have improved risk-adjusted returns.

BlackRock suggests taking this allocation from the equity portion. A 60/40 portfolio can therefore become slightly less exposed to equities and allocate 1 or 2% to Bitcoin.

No more than that. Caution remains important since bitcoin still displays volatility significantly higher than the main traditional asset classes. BlackRock therefore does not present bitcoin as the core of a portfolio. The group rather considers it as a complementary asset that can bring a different source of return. Even after a drop by half.