A New Forecast About Bitcoin Came from BlackRock, Which Manages 9 Trillion Dollars!

Bitcoin The world’s largest asset manager continues to cope with declines in recent days. BlackRockcalled Bitcoin a global monetary alternative.

BlacRock’s Head of US Thematic and Active ETFs Jay Jacobs, He predicted that Bitcoin adoption will continue to grow and reach a market cap of $5.4 trillion in the coming years.

Speaking at the Digital Assets Conference in Brazil, Jacobs said that investors’ demands for portfolio diversification have increased recently.

At this point, Jacobs said that investors, especially in the face of high interest rates and changing market conditions, diversified their portfolios and turned to Bitcoin as an alternative.

Why is Bitcoin Preferred?

The BlackRock executive noted that many investors, especially those with investments in traditional assets, are looking for alternatives to diversify their portfolios.

“Traditional investors want something other than stocks and bonds.

At this point, Bitcoin, with its increasing correlation with traditional assets, emerged as a popular choice.

“This trend will continue and Bitcoin will lead the way as an alternative store of value.”

Acknowledging Bitcoin’s volatile nature, Jacobs said investors considering adding BTC and other cryptocurrencies to their portfolios should consider cryptocurrencies as a long-term investment.

Jacobs “Granted, volatility in Bitcoin’s price may be disruptive in the short term, but for investors willing to endure volatility, Bitcoin offers a valuable opportunity for portfolio diversification and potential growth.” he said.

Finally, Jacobs stated that BlackRock is working to educate investors about Bitcoin, Ethereum‘un (ETH) On the contrary, he emphasized that it was seen as a monetary alternative.

*This is not investment advice.