BlackRock Says the Long-Term Investment Thesis for Bitcoin Remains Intact. Is Bitcoin Now a Buy?

BlackRock maintains that Bitcoin's 40% decline from its all-time high is a temporary correction driven by overleveraged positions and capital flows to AI investments, not a fundamental weakness. The firm reiterates Bitcoin's value as a long-term portfolio diversifier and hedge against currency debasement, while cautioning that Bitcoin exhibits dual characteristics of both risky and safe assets, making it suitable only for buy-and-hold investors with a long-term perspective.