BlackRock exec sees crypto market growing to $5.4T

BlackRock’s U.S. Head of Thematics and Active ETFs, Jay Jacobs, predicts Bitcoin adoption will continue to grow, estimating a market cap of $5.4 trillion in the coming years, BeInCrypto reported. Speaking at the Digital Assets Conference in Brazil, Jacobs highlighted investors' increasing demand for alternatives to stocks and bonds due to their rising correlation and challenges with portfolio diversification in a high-interest-rate environment. Jacobs emphasized the importance of long-term strategies for investors who can withstand Bitcoin’s volatility.