Bitcoin Adoption by Wealth Advisors: Early Stage Says BlackRock Exec

BlackRock’s Head of Digital Assets, Robert Mitchnick, highlighted Bitcoin adoption among wealth advisors as currently in an early phase, despite a notable surge in interest from institutional investors. Mitchnick emphasized that while the retail and investor demand for Bitcoin has fueled rapid growth, institutional interest is steadily rising. 50 billion dollars in assets held by BlackRock’s IBIT Bitcoin ETF, demonstrate strong engagement across both new and experienced investors. This trend reflects a growing acceptance of digital assets within traditional investment practices.