BlackRock’s Chief Investment Officer, Rick Rieder, suggests an “ideal” investment portfolio should include hard assets like gold and Bitcoin. Rieder advises a 5% maximum allocation to Bitcoin, while BlackRock’s Global Allocation Fund holds 3 to 5% in gold. The world’s largest asset manager previously recommended a 1-2% Bitcoin allocation. However, billionaire Ray Dalio proposed dedicating 15% of a portfolio to either gold or Bitcoin. Bitcoin, often touted as an inflation hedge, has shown risk-on behavior, dropping to $75,000 after Trump’s tariff announcement. A report by Franklin Templeton highlights Bitcoin’s correlation with the Nasdaq, overshadowing its link to gold. BTC is currently priced at $112,351.

Read more at Yahoo Finance: Bitcoin Belongs In An ‘Ideal’ Portfolio, Says BlackRock Executive, But Thinks A 5% Allocation Is High