BlackRock: Bitcoin’s Value Lies in Its Role as Digital Gold, Not for Global Payments

BlackRock is reaffirming its long-standing stance that Bitcoin’s true value proposition lies not in becoming a universal payment system but rather as a store of value asset with strong asymmetric potential for long-term growth. According to Robbie Mitchnick, Head of Digital Assets at BlackRock, institutional investors see Bitcoin primarily as digital gold, a safe haven against market volatility and an alternative to traditional assets like gold.