BlackRock: Just 1% Cryptocurrency Allocation in Asia Could Drive $2T in Inflows

Nicholas Peach, Head of iShares for BlackRock Asia Pacific, stated at the Consensus Hong Kong conference that just a 1% allocation of Asian standard investment portfolios to cryptocurrencies could drive nearly $2 trillion in new capital into the market. According to TechFlow, Peach noted that total household wealth in Asia amounts to approximately $108 trillion, and a 1% allocation would inject new capital equivalent to roughly 60% of the current market capitalization. Peach also added that Asian investors have contributed significantly to flows into the U.S.-listed crypto ETFs.