BlackRock: Crypto Adoption Surpasses Internet and Mobile Phones

According to the firm, crypto adoption is growing faster than the internet and mobile phones did in their early days.

In a recent report, BlackRock highlighted the rapid rise of digital assets. And their potential to transform global financial systems.

BlackRock Compares Crypto to Early Internet Growth

While many have been skeptical about the long-term viability of cryptocurrencies, BlackRock’s analysis shows a clear shift toward widespread adoption. The firm compared the current growth of Bitcoin and other digital assets to the early days of the Internet when people were unsure of its value and potential. “The adoption of Bitcoin and crypto is like watching the internet take off in real-time,” said one of BlackRock’s executives.

Bitcoin is no longer just a fringe asset. Over the past decade, crypto has gone from a niche investment to a mainstream asset class. Big financial institutions, such as JPMorgan and Goldman Sachs, have started to offer crypto-related services. While companies like Tesla and MicroStrategy have invested billions of dollars in Bitcoin. Even governments, like El Salvador, have adopted Bitcoin as legal tender, further legitimizing the crypto in the eyes of the public.

While Bitcoin and crypto are not without their risks, such as market volatility, BlackRock’s report underscores the growing confidence in the space. The firm predicts that the continued adoption of blockchain technology could spark innovations, opening up a world of possibilities for financial markets and beyond.

More About BlackRock

IBIT options have seen remarkable growth, now accounting for around 50% of Deribit’s open interest, a major milestone considering Deribit’s long-standing dominance in the BTC options market.

This surge is largely driven by BlackRock’s spot Bitcoin ETF, which serves as the underlying asset for IBIT options, attracting both institutional investors and US retail traders who prefer regulated markets. The increasing demand for IBIT options highlights the growing interest in this innovative product, underscoring its expanding role in the crypto derivatives market.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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