BlackRock takes the usual portfolio mix of 60% stocks and exposure to Mag 7 to determine a 1%-2% exposure to Bitcoin, which translates to about 4% of overall portfolio risk on average.

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.

Going beyond that would sharply increase bitcoin’s share of the overall portfolio risk,” the report said. When considering Bitcoin, BlackRock suggests that in

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

Bitcoin just notched another win of sorts. BlackRock, the world’s biggest asset manager, says the cryptocurrency does have a place in multi-asset portfolios —to a point, anyway. According to a BlackRock Investment Institute paper released Thursday,

BlackRock said the risk of holding a certain amount of bitcoin is comparable to the risk generated by the Magnificent Seven mega-cap tech stocks.