✉news BusinessCrypto first seen 9 h ago, last 53 min ago, peak #1
BlackRock executive says Bitcoin is becoming a portfolio allocation
Original: Watch Bitcoin Becoming Portfolio Allocation: BlackRock's Jacobs
A BlackRock executive, Jacobs, said Bitcoin is increasingly being treated as a standard portfolio allocation rather than a speculative side bet, comments carried by Bloomberg. The remarks point to growing institutional acceptance of cryptocurrency among major asset managers. Observers see it as another sign of Bitcoin's mainstreaming in mainstream finance, following the rise of spot Bitcoin ETFs.
Why now: A senior figure at the world's largest asset manager endorsing Bitcoin as a portfolio component signals institutional adoption and moves crypto markets.
Evidence
- Watch Bitcoin Becoming Portfolio Allocation: BlackRock's Jacobs · Bloomberg.com
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