Deep Tide TechFlow News, February 12 — According to CoinDesk, Nicholas Peach, Head of iShares Asia-Pacific at BlackRock, stated at the Hong Kong Consensus Conference that even a 1% allocation of cryptocurrencies in an Asian standard investment portfolio could potentially bring nearly 2 trillion USD in market capital inflows. He pointed out that the total wealth of Asian households is approximately 108 trillion USD, and a 1% allocation would introduce new funds equivalent to about 60% of the current market capitalization.
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BlackRock Executive: 1% Cryptocurrency Allocation in Asia Could Bring Nearly $2 Trillion in Capital Inflows
Deep Tide TechFlow News, February 12 — According to CoinDesk, Nicholas Peach, Head of iShares Asia-Pacific at BlackRock, stated at the Hong Kong Consensus Conference that even a 1% allocation of cryptocurrencies in an Asian standard investment portfolio could potentially bring nearly 2 trillion USD in market capital inflows. He pointed out that the total wealth of Asian households is approximately 108 trillion USD, and a 1% allocation would introduce new funds equivalent to about 60% of the current market capitalization.