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.
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.
JUST IN: $11.5 trillion BlackRock says that #Bitcoin and crypto adoption is outpacing the internet and mobile phones. pic.twitter.com/wHguh7ClG3
— Bitcoin Magazine (@BitcoinMagazine) January 13, 2025
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.
IBIT options have experienced extraordinary growth, now representing approximately 50% of Deribit’s open interest. This is a significant achievement, given Deribit’s longstanding dominance in the BTC options market.
With BlackRock’s spot Bitcoin ETF as its underlying asset, IBIT… https://t.co/4ZKIzzxWRD pic.twitter.com/IDCrdo46lV
— Volmex σ (@volmexfinance) January 13, 2025
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.
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