You are at: Home » Institutional Money Is Just The Start: BlackRock Eye’s $30 Trillion Bitcoin Opportunity

Institutional Money Is Just The Start: BlackRock Eye’s $30 Trillion Bitcoin Opportunity

Author
Last updated on:
Fact Checker's Full Profile
Fact Checker
Author's Full Profile

Institutional Bitcoin adoption still has a long way to go after launch of Bitcoin Spot ETFs claim the latest BlackRock Bitcoin predictions.

Institutional Bitcoin adoption still has a long way to go after the launch of Bitcoin Spot ETFs, according to the latest BlackRock Bitcoin predictions.

Bitcoin (BTC) btc-bitcoin icon btc-bitcoin icon Price Trading volume in 24h Last 7d price movement in 2024 has been a roller-coaster since January’s approval of Spot Bitcoin ETFs, with multi-billion dollar inflows from across the US financial sector fuelling a huge recovery from the pits of crypto Winter.

Yet, amid a turbulent international climate – worsened by increased tensions between Israel-Iran, it seems that many have forgotten that this is just the beginning.

But global financial powerhouse BlackRock hasn’t, and the latest comments emerging from the Ripple Swell conference have underlined the financial giant’s confidence in the Bitcoin market.

Global Financial Powerhouse BlackRock Labels Bitcoin a $30 Trillion Opportunity – Here’s Why

Reporting from the Digital Assets Conference co-hosted by Mercado Bitcoin, CME Group, Deribit, and Fireblocks, Journalist Cassio Gusson took us to the heart of the action.

In a rousing talk at the event, Jay Jacobs, Head of Thematics and Active Equity ETFs at BlackRock, shared an optimistic outlook on Bitcoin’s future, emphasizing that institutional adoption of Bitcoin is still in the very earliest stages of tapping into a much larger $30 trillion wealth management market in the U.S.

“When we look at the wealth management market in the U.S., we’re still at a very early stage. Only about one in 200 portfolios have any Bitcoin exposure. As more advisors become familiar with the asset and have easier access to it, they’ll become more comfortable,” Jacobs highlighted.

“Even though gold has a low correlation with equities, it remains a store of value. The same is expected for Bitcoin as more institutional investors enter the digital asset space.”

While institutional adoption is still in its early stages, there are already signs of growing interest, particularly among pension funds, sovereign wealth funds, and asset managers.

“We’re starting to see institutions really add these assets to their portfolios,” Jacobs revealed.

“The primary use case for institutional investors is diversification.”

DISCOVER: 14 Potential Upcoming Binance Listings

Hurdles Still Remain For TradFi to Unleash The Full Power of Their Capital

Yet, Jacobs also pointed out that there are still hurdles for TradFi institutions to unleash the full power of their capital in the market; after all, not every ETF is available to all investors across platforms in the U.S., meaning each must pass certain approval processes.

“Someone has to say, ‘Yes, we can buy this.’ And for Bitcoin, we’re still in the early days of institutional diligence. They are taking the necessary time with this asset, just as many institutions have done,” Jacobs explained.

Jacobs mentioned that despite this cautious approach, the first platform approvals have begun, marking a critical first step toward making Bitcoin more accessible to wealth management portfolios.

“It’s not just about pension funds and institutions, but also the $30 trillion U.S. wealth management market that is beginning its journey with this asset,” he added.

EXPLORE: Why is Crypto Going Up? Is ‘Golden Cross’ Bitcoin About to Go Parabolic?

Join The 99Bitcoins News Discord Here For The Latest Market Updates

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

Sam Cooling is the Lead Editor at 99Bitcoins.com and is based in London, UK. With over half a decade of experience in cryptocurrency journalism and crypto trading, Sam steers News Strategy and Written Content with our market-breaking news team. Alongside his editorial role at 99Bitcoins, Sam Cooling also writes as a crypto market analyst for CryptoNews.com and Techopedia.com. Outside of cryptocurrency, Sam Cooling is also prolific in the Zambian Charity space, pioneering the Euroza Foundation - which currently supports over 2,500+ youths through 25+ youth clubs offering education through sport, social enterprise, vocational training, civic education, and targeted food relief.

View all Posts by Sam Cooling

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
We hate spam as much as you do. You can unsubscribe with one click.
We hate spam as much as you do. You can unsubscribe with one click.
Scroll to Top