Mars Finance News, according to CoinDesk, Nicholas Peach, Head of Asia-Pacific iShares at BlackRock, stated at the Consensus Hong Kong conference that if investment portfolios in Asia allocate 1% of their assets to cryptocurrencies, it could bring nearly 2 trillion USD in new capital inflows, accounting for approximately 60% of the current total market capitalization of cryptocurrencies. Peach pointed out that the wealth of households in Asia is about 108 trillion USD, and even conservative adjustments in asset allocation could have a significant impact on the digital asset market. He emphasized that the scale of funds in the traditional financial system is enormous, and significant capital inflows can be achieved without large-scale adoption. Peach also mentioned that Asian investors hold a substantial share of crypto ETFs listed in the US, and the overall adoption rate of ETFs in the region is rapidly increasing.
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BlackRock Executive: 1% Crypto Asset Allocation in Asian Markets Could Unlock $2 Trillion in New Capital Inflows
Mars Finance News, according to CoinDesk, Nicholas Peach, Head of Asia-Pacific iShares at BlackRock, stated at the Consensus Hong Kong conference that if investment portfolios in Asia allocate 1% of their assets to cryptocurrencies, it could bring nearly 2 trillion USD in new capital inflows, accounting for approximately 60% of the current total market capitalization of cryptocurrencies. Peach pointed out that the wealth of households in Asia is about 108 trillion USD, and even conservative adjustments in asset allocation could have a significant impact on the digital asset market. He emphasized that the scale of funds in the traditional financial system is enormous, and significant capital inflows can be achieved without large-scale adoption. Peach also mentioned that Asian investors hold a substantial share of crypto ETFs listed in the US, and the overall adoption rate of ETFs in the region is rapidly increasing.