Like Bitcoin (BTC) price rose again above $61,900 on July 3, Jay Jacobs, Managing Director at BlackRock Inc. (NYSE: BLK), believes that leading investments can be promoted and established by investors.
Jacobs, who is also the US Head of Equity ETFs (exchange-traded funds) at BlackRock, said in June, 2026 that the coins are ‘too big to ignore’. He added that the importance of Bitcoin is encouraged by the ‘big convergence’ between TradFi (Traditional Finance) and DeFi (Decentralized Finance).
In addition, Jacobs reported that about 75% of investors looking to buy the iShares Bitcoin Trust ETF (It will go) has never owned an ETF before. With the expected implementation of crypto regulations through the Clarity Act, a US bill that would establish clear regulations for crypto currency companies, BlackRock’s IBIT could attract more investors.
Bitcoin price prediction BlackRock
Bitcoin price predictions made by BlackRock managers remained unchanged. In January 2025, Larry Fink, CEO of BlackRock, predicted that Bitcoin could reach $500,000 to $700,000 per coin if independent funds and large corporations allocate 2 to 5% of their assets to the asset.
Since the Fink BTC price prediction, several independent funds – including Luxembourg’s Fonds Souverain Intergénérationnel du Luxembourg (FSIL) and Abu Dhabi’s Mubadala – have increased their Bitcoin holdings. However, Robbie Mitchnick, BlackRock’s head of digital assets, remained cautious in the mid-2000s on the growth of AI (Artificial Intelligence) stocks, such as Finbold. he explained.
As such, Bitcoin price prediction BlackRock in the long run can be its CEO. In addition, the company has invested heavily in Bitcoin through the iShares Bitcoin Premium Income ETF (BITA) and an indirect BTC stake in Strategy Inc. (NASDAQ: MSTR).
BlackRock’s BTC Portfolio Recommendations
BlackRock’s history of BTC fell in 2026 amid popular crypto corrections, such as Finbold. report. Specifically, the company’s IBIT saw an increase in BTC from 770,290 on January 1 to 734,740 at press time, representing a drop of approximately 35,550 BTC, or 4.61%.
Even so, Mitchnick expects that BTC will increase the debt repayments in the US and decline, Jacobs’ prediction based on the adoption of BTC by institutions may come true.
