As investors seek ways to harness Bitcoin’s volatile and often unpredictable nature, BlackRock argues that Bitcoin’s prices may be uncorrelated to stocks and other traditional assets in a new report.

Bitcoin’s volatility hasn’t scared BlackRock away. Instead, they’re embracing it. They call Bitcoin a “unique diversifier” for investors. It’s not your typical “risky” asset, they say. Sure, Bitcoin swings all over the place in the short term,

BlackRock's latest report shows that bitcoin has a very low correlation to U.S. equities on a trailing six-month basis.