such as bitcoin (Bitcoin) The price rebounded above $61,900 on July 3, said Jay Jacobs, managing director at BlackRock Inc. (NYSE: Black), believes the flagship currency may be further propelled by its adoption by institutional investors.
Jacobs, who is also head of US equity ETFs (exchange-traded funds) at BlackRock, said in mid-June 2026 that the cryptocurrency is “too big to ignore.” He added that Bitcoin’s utility is supported by the “great convergence” between TradFi (traditional finance) and DeFi (decentralized finance).
Furthermore, Jacobs noted that approximately 75% of investors are seeking to purchase the iShares Bitcoin Trust ETF (He will go) You’ve never owned an exchange-traded fund (ETF) before. With the expected introduction of cryptocurrency regulation through the Clarity Act, a US bill would establish clear rules for regulating cryptocurrencies Cryptocurrency Industry, BlackRock’s IBIT could attract more institutional investors.
BlackRock Bitcoin price forecast
Bitcoin price forecasts given by BlackRock executives remained the same. In January 2025, BlackRock CEO Larry Fink predicted that bitcoin would reach $500,000 to $700,000 per coin if sovereign wealth funds and major institutions allocated just 2 to 5% of their portfolios to the asset.
Since Fink’s bitcoin price prediction, several sovereign wealth funds — including Luxembourg’s Fonds Souverain Intergénérationnel du Luxembourg (FSIL) and Abu Dhabi’s Mubadala — have increased their bitcoin holdings. However, Robbie Mitchnick, head of digital assets at BlackRock, remained cautious in the medium term amid increasing investor focus on AI stocks, as did Finebold. He explained.
As such, the Bitcoin price prediction that BlackRock is betting on in the long term could be the prerogative of its CEO. Furthermore, the company has invested more in Bitcoin through the iShares Bitcoin Premium Income ETF (BITA) and an indirect stake in BTC at Strategy Inc. (NASDAQ: MSTR).
BlackRock’s BTC wallet forecast
BlackRock’s BTC portfolio declines in 2026 amid notable cryptocurrency correction, Finbold says I mentioned. Specifically, the company’s IBIT saw its BTC holdings increase from 770,290 on January 1 to 734,740 at press time, representing a decrease of approximately 35,550 BTC, or 4.61%.
However, with Mitchnick anticipating further headwinds for Bitcoin due to rising US debt and deficits, Jacobs’ forecast of increased institutional reliance on Bitcoin could come true.
