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.