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Trillion-dollar investment market hasn’t even ‘entered’ Bitcoin yet, reveals BlackRock
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Jay Jacobs, Head of Thematics and Active Equity ETFs at BlackRock, highlighted that the trillion-dollar US wealth management market is still in its infancy in relation to Bitcoin.
During the Digital Assets Conference, organized by Mercado Bitcoin, Jacobs emphasized that institutional adoption of Bitcoin is still in its early stages. However, according to him, there is enormous potential for growth. He explained that the US$30 trillion market, currently managed by US companies, has not yet fully engaged with the digital asset.
Jacobs highlighted that, at the moment, only one in 200 wealth management portfolios in the United States has exposure to Bitcoin. He believes that as more financial advisors understand the crypto space and gain easier access to Bitcoin, they will feel more comfortable incorporating it into their clients’ portfolios.
However, there are still regulatory barriers. After all, many ETFs (exchange-traded funds) that include Bitcoin are not available to all investors or platforms.
Trillion-dollar investment in Bitcoin
According to Jacobs, Bitcoin’s journey into this colossal market is just beginning. The approval of ETFs focused on digital assets was a crucial step towards democratizing access.
Jacobs explained that Bitcoin’s liquidity is one of its main attractions, especially for investors seeking diversification in a scenario of high interest rates.
He pointed out that although private markets such as private equity and private credit have grown, many investors prefer liquid assets like Bitcoin that can be bought and sold quickly.
Furthermore, Bitcoin has proven to be a valuable asset for portfolio diversification. According to Jacobs, it offers a different behavior than stocks and bonds, which is beneficial for those looking to mitigate risks in times of market instability.
However, he warned that this type of asset is more suitable for moderately aggressive or aggressive investor profiles, with a recommended allocation of up to 3% of the portfolio.
The interest in digital assets is also related to the search for alternatives given the increase in the correlation between stocks and bonds in recent years. Bitcoin’s volatility still raises questions, but Jacobs said that, over time, growing adoption could stabilize the asset. Thus, BTC will be able to consolidate itself as a store of value comparable to gold.
Trillion-dollar investment market hasn’t even ‘entered’ Bitcoin yet, reveals BlackRock
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Trillion-dollar investment market hasn’t even ‘entered’ Bitcoin yet, reveals BlackRock
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Trillion-dollar investment market hasn’t even ‘entered’ Bitcoin yet, reveals BlackRock
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Trillion-dollar investment market hasn’t even ‘entered’ Bitcoin yet, reveals BlackRock