Former SEC Chairman Gary Gensler told Bloomberg that cryptocurrencies, excluding Bitcoin, represent highly speculative assets with minimal fundamental backing. His remarks came as Bitcoin rebounded toward $92,000 following a volatile week marked by bond market turbulence and institutional shifts. Gensler drew a sharp distinction between Bitcoin and thousands of alternative tokens, arguing investors face heightened risk beyond the flagship cryptocurrency. “Putting aside Bitcoin for a minute, all the thou ...

JUST IN: BlackRock CEO Larry Fink admits he was wrong about crypto. https://t.co/yzsEGXYBCo ...

Two of Wall Street’s biggest firms say the AI boom is far from a speculative mania. Instead, BlackRock and Bank of America say this cycle is being driven by real corporate investment, earnings, and productivity gains — not the kind of irrational exuberance that defined the dot-com bubble of the early 2000s. "We don't think the bubble framing is that useful at this stage for investors," Jean Boivin, head of the BlackRock Investment Institute, said at a media roundtable on Tuesday. “We want to avoid just ...

Core Insights - BlackRock's vision for 2026 indicates a bullish outlook for institutional crypto adoption despite a bearish view on U.S. bonds and the economy [1] - The U.S. federal debt is projected to exceed $38 trillion, creating a fragile market environment that may accelerate digital asset adoption among major financial institutions [2] - Increased government borrowing introduces vulnerabilities to economic shocks, prompting institutions to consider alternative assets like bitcoin as a hedge against fiscal instability [3] Institutional Crypto Adoption - BlackRock's allocation of $100 billion to bitcoin ETFs is expected to drive significant institutional investment in crypto, potentially pushing bitcoin prices to over $200,000 [4] - The transition towards a tokenized financial system is seen as a critical development, with tokenization providing the necessary infrastructure for private credit and asset management [5] Stablecoins and Digital Assets - Stablecoins are evolving from niche products to essential bridges between traditional finance and digital liquidity, according to BlackRock's global head of market development [6] Impact of AI on Bitcoin Mining - The surge in demand for high-performance computing driven by AI is benefiting bitcoin miners, who are leveraging their energy deals for new opportunities [7] - Publicly traded mining firms are reporting increased revenues not only from mining but also from leasing data center capacity to AI companies requiring power-intensive GPUs [8]

Group 1 - The trend of model portfolios being influenced by issuers is concerning, as it may compromise the unbiased nature of fiduciary advice provided by advisors [1][2] - The iShares Systematic Bond ETF (SYSB) experienced a rapid increase in assets under management (AUM), growing from $67 million to over $600 million after being added to a BlackRock portfolio, highlighting the impact of model portfolio inclusion [2] - BlackRock's decision to include SYSB was influenced by its expense ratio of 25 basis points compared to a similar product's 6 basis points, which could generate significant annual revenue based on the funds' assets [2] Group 2 - Advisors are increasingly relying on model portfolios, which may lead to less due diligence and awareness of the underlying fund providers and their selection criteria [3] - There is a call for tools that can compare not only ETFs but also model portfolios to assist advisors in making informed decisions [3] - Advisors are encouraged to choose model providers that are agnostic regarding fund selection to ensure unbiased recommendations [3]

Digital Asset Integration - BlackRock executives predict future portfolios will integrate stocks, bonds, and crypto into a single digital wallet [1] - All asset types will be bought, sold, and held in a unified digital wallet [1]

智通财经获悉，贝莱德智库中东及亚太区首席投资策略师庞文博(Ben Powell)表示，不认为会出现AI泡 沫，泡沫意味着供应太多，价格下调，就像上世纪90年代情况那样。而现在对于硬件及AI的需求，问 题是供应不足，因此并不算是泡沫。 贝莱德固定收益投资亚太区主管Navin Saigal表示，目前美元比以往而言更是一项风险资产，因此会减 少持有。 本文源自：智通财经网 他还表示，大家都增持(overweight)美国股票，认为AI公司股票便宜，因此他不认为这是泡沫，而是便 宜的股票，这主要因为收入、现金流等。 贝莱德智库发表的2026年全球展望报告表示，仍然对美国在AI方面的股票维持增持，风险偏好受惠于 美联储减息。 如果将美国GDP细分一下，就可以发现科技的投资超过消费，而消费传统上来说驱动美国经济。这一点 非常重要，说明投资可以继续驱动整体(aggregate) GDP增长，驱动整体收入(headline)水平增长。 ...

Group 1 - BlackRock's stake in Meituan-WH increased from 5.99% to 6.14% as of November 27 [1]

每经AI快讯，12月3日，香港交易所信息显示，贝莱德在美的集团（000333）H股的持股比例于11月27 日从5.08%升至6.80%。 ...

格隆汇12月3日｜香港交易所信息显示，贝莱德在美的集团H股的持股比例于11月27日从5.08%升至 6.80%。 ...