New research from the world’s largest asset manager argues that Bitcoin offers unique benefits as a portfolio diversifier while sharing a similar risk profile to S&P 500 juggernauts like Google, Amazon,

BlackRock operates a massively successful Bitcoin ETF, but the asset manager still recommends being conservative with the cryptocurrency.

Blackrock recommends that interested investors consider allocating as much as 2% of their portfolio to bitcoin, the world's largest cryptocurrency, the giant asset manager said in a report on Thursday.

The world’s biggest asset manager says that Bitcoin does have a place in multi-asset portfolios — up to a certain point.