BlackRock stated that gold and Bitcoin are the only assets to achieve global recognition as forms of alternative money.

BlackRock statement

According to BlackRock, these two assets stand apart from other financial instruments because they have secured broad international acknowledgement as monetary alternatives.

Historical context

Gold has historically functioned as a store of value across regions and eras, while Bitcoin appeared in 2009 as a decentralized digital alternative to conventional money.

Implications

Global recognition can affect how investors and policymakers discuss monetary alternatives, and it may influence frameworks for asset classification and oversight.

Summary

BlackRock’s assessment highlights gold and Bitcoin as uniquely recognised alternatives to fiat money, without assigning specific guidance on investment or regulation.