BlackRock is doubling down on its conviction in Bitcoin as a long-term strategic asset, even as the cryptocurrency struggles to maintain the $100,000 level.
In a recent filing with the U.S. Securities and Exchange Commission, the asset manager emphasized that Bitcoin’s adoption, liquidity, and the declining credibility of traditional monetary systems are key drivers of its enduring relevance.
Bitcoin adoption outpaces historic technologies
BlackRock highlighted Bitcoin’s network-growth trajectory, noting it surpassed 300 million global users within 12 years—outpacing the adoption of mobile phones and the early internet.
The firm argued that Bitcoin should be viewed as a long-duration asset, with value linked to cumulative network participation rather than short-term price moves.
BlackRock’s own data suggests Bitcoin’s annualized performance has exceeded that of equities, gold, commodities, and bonds over the past decade.
IBIT’s impact on institutional adoption
The filing credited the iShares Bitcoin Trust (IBIT) with reshaping access to Bitcoin for institutions.
By offering simplified exposure, robust liquidity, and regulated custody, IBIT has processed over $3 billion in in-kind transfers and now boasts more than $80 billion in assets under management.
Notably, IBIT’s inflows have outpaced all competing Bitcoin ETF products, reinforcing its dominant role in the market.
For real-time statistics, refer to US Bitcoin ETF current and historical holdings.
Bitcoin positioned as a global monetary alternative
BlackRock’s filing asserted that Bitcoin is a scarce, decentralized asset poised to benefit from geopolitical uncertainty, rising debt, and fiat currency erosion.
The firm sees Bitcoin not as a sovereign currency replacement but as an increasingly relevant hedge and technology play as global blockchain infrastructure expands.
BlackRock stated in the filing:
“Bitcoin’s strategic value is accelerating faster than its price suggests, underpinned by digital adoption, macroeconomic uncertainty, and advances in regulated market infrastructure.”
This perspective reinforces BlackRock’s continued bullishness on Bitcoin, even during periods of price stagnation.
