As Bitcoin (BTC) price rebounded above $61,900 on July 3, Jay Jacobs, a Managing Director at BlackRock Inc. (NYSE: BLK), believes that the flagship coin may be propelled further by adoption from institutional investors.
Jacobs, also the U.S. Head of Equity ETFs (exchange-traded funds) at BlackRock, said in mid June, 2026 that the flagship coin is ‘too big to ignore’. He added that Bitcoin’s utility is fueled by the ‘great convergence’ between TradFi (Traditional Finance) and DeFi (Decentralized Finance).
Furthermore, Jacobs noted that nearly 75% of investors seeking to buy the iShares Bitcoin Trust ETF (IBIT) have never owned an ETF before. With the anticipated introduction of crypto regulation through the Clarity Act, a U.S. bill that would establish clear rules for the cryptocurrency industry, BlackRock’s IBIT could attract more institutional investors.
Bitcoin price prediction BlackRock
The Bitcoin price prediction BlackRock executives made has remained the
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