BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, has projected that the Bitcoin market could reach an astonishing $5.4 trillion in the coming years. Jacobs, who attended the Digital Assets Conference in Brazil, emphasized that there is significant potential for Bitcoin adoption.
The conference, promoted by Mercado Bitcoin in partnership with CME Group, Deribit, and Fireblock, served as a platform to discuss the future of digital assets. BlackRock, known as the largest fund manager globally, was one of the pioneers in obtaining authorization to issue Bitcoin ETFs in the US.
Jacobs noted that the rising interest in Bitcoin stems from clients seeking diverse assets for their portfolios. The increasing demand reflects a broader trend among investors who are looking to capitalize on the potential benefits of cryptocurrency investments.
