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Bitcoin to Hit $5.4 Trillion? BlackRock’s Shocking Prediction

  • BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, predicts that Bitcoin's market value could reach $5.4 trillion due to increasing demand for portfolio diversification.
  • Investors are seeking alternatives to stocks and bonds for diversifying their portfolios, and Bitcoin has emerged as a popular choice.
  • BlackRock, the largest fund manager globally, has responded to this demand by increasing its Bitcoin holdings, currently managing nearly 370,000 BTC.
  • Jacobs highlights that Bitcoin is appealing as a long-term investment strategy for investors who can tolerate volatility and view it as a hedge against traditional financial risks.

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