BlackRock, the world's largest money manager, has released a report suggesting that Bitcoin should account for 1-2% of traditional investment portfolios. This would position Bitcoin similarly to companies like Nvidia, Amazon, or Apple, despite having little utility other than as a speculative asset. BlackRock manages over $11.5 trillion in assets, and allocating just 1% of its equity assets to Bitcoin would equate to about $50 billion in net new demand for the digital asset. The report also notes Bitcoin's historically low correlation to traditional markets and suggests that its excessive volatility makes higher weighting imprudent.