{"id":138605,"date":"2024-10-05T08:00:00","date_gmt":"2024-10-05T05:00:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138605"},"modified":"2024-10-04T16:48:09","modified_gmt":"2024-10-04T13:48:09","slug":"bitcoin-has-the-potential-to-reach-5-4-trillion-according-to-blackrock-exec","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-has-the-potential-to-reach-5-4-trillion-according-to-blackrock-exec\/","title":{"rendered":"Bitcoin Has the Potential to Reach $5.4 Trillion, According to BlackRock Exec"},"content":{"rendered":"

Jacobs shared his insights during the Digital Assets Conference in Brazil, which was organized by Mercado Bitcoin alongside CME Group, Deribit, and Fireblock.<\/p>\n

BlackRock, as the world\u2019s largest asset manager and one of the first firms to secure Bitcoin ETF approval in the U.S., has been monitoring increasing investor demand for Bitcoin<\/a><\/strong>. Jacobs noted that clients have been looking for assets beyond traditional stocks and bonds, especially as correlations between these assets have made diversification more challenging.<\/p>\n

In response to these trends, BlackRock has significantly increased its Bitcoin holdings, now managing around 370,000 BTC\u2014making it one of the largest holders globally, trailing only Binance and the enigmatic Bitcoin creator, Satoshi Nakamoto.<\/p>\n