Bitcoin Pricing Insights from BlackRock Exec

Bitcoin Valued as an Uncorrelated Asset Amid Global Uncertainty

• BlackRock’s Jay Jacobs describes Bitcoin as benefiting from global uncertainty.
• The long-term correlation between US stocks and Bitcoin is estimated at 2-3%.
• Bitcoin traded just under $94,000, with a 150% rally since spot-ETF approvals last year.
• Significant inflows have been observed in both gold and Bitcoin ETFs amid geopolitical shifts.
• Central banks’ gold purchases exceeded 1,044 tonnes in 2024, marking the third consecutive year above this level.
• BlackRock manages a record $11.6 trillion in assets as of the first quarter.

Jay Jacobs of BlackRock emphasizes that Bitcoin behaves as an uncorrelated asset, thriving on global uncertainty. With BTC trading near $94,000 and significant ETF inflows noted, this trend aligns with central banks diversifying beyond traditional dollar holdings.