BlackRock Executive Sees
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Market
at $5.4 Trillion
in Coming Years
BlackRock s US Head of Thematics and Active ETFs, Jay Jacobs, said there
is plenty of room for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin adoption. Jay still estimates a market of
Brazilian Real 30 trillion ( ~ $5.4 trillion) in the coming years.
The executive attended the Digital Assets Conference in Brazil on Thursday.
Mercado Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin promoted the event in partnership with CME Group, Deribit, and
Fireblock.
BlackRock is the largest fund manager on the planet and one of the first to
have authorization and issue Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETFs in the US.
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Why do Investors Demand Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin?
Jacobs said the fund manager began looking at Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin after growing demand
from clients looking for different assets in portfolios.
They (investors) want something other than stocks and bonds. If you
look at the last couple of years, there has been this growing correlation
between stocks and bonds. It has been very difficult to achieve
diversification, particularly in an environment of higher rates. And then
people have actually tried to scour the opportunity to get alternatives. Maybe
this is going to private markets, Jacobs explained.
Read more: Who Owns the Most Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin in 2024?
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In addition, another demand that drove BTC adoption at BlackRock was
sophisticated investors who wanted a more liquid portfolio to diversify
investments.
That said, BlackRock now manages nearly 370,000 BTC , emerging as one of the
largest Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin holders. It has already surpassed MicroStrategy s
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin holding and now only lags behind Satoshi Nakamoto and crypto exchange
Binance.
According to the latest data from SoSoValue, BlackRock s iShare Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
Trust s (IBIT) Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin stash is worth $22.33 billion. BlackRock s
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Valuation. Source: SoSoValue
When asked about the BTC rally, Jacobs said he could not answer. Nonetheless,
he believes that diversifying investments with the most valuable
cryptocurrency on the market is an assertive strategy.
It is difficult to paint a picture for each portfolio. What we have
found is that it really is more important to look at certain types of
investors who can withstand volatility , who can withstand the falls, who have
a long-term view, Jacobs said.
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Moreover, Jacobs indicated that BlackRock is also focused on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
education.
We want to make it accessible and we want to help people understand
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin first and foremost, Jacobs stated.
Read more: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Price Prediction 2024/2025/2030
For Jacobs, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is a monetary alternative, while Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum is more of a bet
on blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн adoption. The executive said that one of the trends that are
changing the world today is geopolitical fragmentation. This is currently
changing supply chains.
We also see the emergence of AI for more technology growth, more
technology adoption and digitalization. We see demographic changes around the
world. We see aging populations in some countries, others very young in
emerging markets. I think this could be another favorable wind for digital
assets. Markets where digital assets may be most relevant also have the
majority of Millennials and Gen Z who will be the most digital native,
Jacobs concluded.
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