BlackRock Executive: Bitcoin Operates Under Its Own Rules, Unique Diversification Tool in the Long Term

On April 21, Jay Jacobs, head of BlackRock’s U.S. Equity ETF, stated in an interview with Fox’s “The Claman Countdown” that Bitcoin is a non-sovereign asset that operates under its own rules, primarily driven by geopolitical and inflation risks. Jacobs pointed out that Bitcoin’s performance differs from that of stocks or bonds, resembling the role of gold in a portfolio. Although this asset experiences significant short-term volatility, it serves as a unique diversification tool from a long-term perspective. As currency devaluation, rising government debt, and increased demand for cross-border asset flows continue, Bitcoin’s value will further manifest. Additionally, Jacobs suggested that in an environment where the correlation between stocks and bonds is increasing, investors should consider enhancing portfolio resilience through liquidity alternatives such as Bitcoin, gold, and ILT.