- BlackRock executive Jay Jacobs said in a CNBC interview that “it’s still early days for Bitcoin.”
- IBIT BTC ETF, launched two years earlier by BlackRock, has raised “tens of billions of dollars.”
- Larry Fink wrote in a 2025 letter to shareholders that digital currencies like Bitcoin could replace the U.S. dollar.
- Bitcoin hit an all-time high of $126,080 in October 2025 and has since fallen about 28.5% from that peak.
- Financial firms and industry figures expect further upside: Grayscale and Bernstein forecast a new peak in 2026, with Bernstein citing around $150,000, while Changpeng Zhao has suggested a range of $500,000 to $1 million.
In a CNBC interview in January 2026, BlackRock executive Jay Jacobs said “it’s still early days for Bitcoin.” The comment appeared in a related tweet noting BlackRock is the world’s largest asset manager. Jacobs referenced the firm’s ETF effort and recent inflows.
BlackRock launched the IBIT BTC ETF two years earlier and the product has gathered “tens of billions of dollars” in assets. The ETF’s launch is widely credited with increasing institutional access to Bitcoin and accelerating adoption as an investment vehicle.
Larry Finkletter to shareholders, saying digital currencies like Bitcoin could replace the U.S. dollar and warning about U.S. debt pressures on the currency.
Market moves since October 2025 show Bitcoin reached a record $126,080, then declined roughly 28.5% from that high. Despite the pullback, some institutions expect another record. Grayscale and Bernstein project a new all-time high in 2026, with Bernstein citing approximately $150,000.
Industry leaders have offered larger targets. Changpeng Zhao of Binance has suggested Bitcoin could rise between $500,000 and $1 million this cycle. These views underpin the argument by some that Bitcoin may still be in early stages of adoption.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Maduro’s capture exposes crypto off-ramps to enforcement now
- Entire Zcash ECC team resigns to launch new privacy firm now
- Zcash Split: Bootstrap Cites Nonprofit Limits on Investment!!
- Trump Bill Threatens 500% Tariffs on BRICS Oil Buyers Now-US
- Datavault and IBM expand SanQtum edge AI for tokenization NY
