During BlackRock's Q3 earnings call, CEO Larry Fink referred to Bitcoin as 'an asset class in itself,' emphasizing its growing significance in global finance.
Fink made a bold prediction that Bitcoin could potentially reach a market cap equivalent to the entire U.S. housing market, estimated at $50 trillion.
BlackRock's Bitcoin ETF (IBIT) has seen strong performance, with over $21 billion in assets under management by Q3, reflecting growing investor interest.
By positioning Bitcoin as a unique asset class, BlackRock is driving institutional adoption and signaling confidence in its future.