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Bitcoin To Align With Wall Street? BlackRock Predicts A Price Shift Ahead

Source Newsbtc

A BlackRock executive anticipates that the price of Bitcoin will increase in accordance with its growing institutional adoption.

Robbie Mitchnick, BlackRock chief of digital assets, stated that Bitcoin remains 15% above its early November levels, despite recent price declines. He raised this point during an interview with Yahoo Finance on Wednesday.

He believes that the cryptocurrency’s current value does not accurately reflect the number of significant institutions that are currently purchasing it.

The market has not yet caught up to reality, he stated in an interview with Yahoo Finance. Mitchnick anticipates that the flagship crypto’s value will experience substantial growth once prices are in accordance with this institutional interest.

JUST IN: BlackRock’s Head of Digital Assets says #Bitcoin’s Institutional adoption still isn’t reflected in the price.

The new marketing team is here pic.twitter.com/EZHP1uFYX5

— Bitcoin Magazine (@BitcoinMagazine) March 19, 2025

Trump’s Bitcoin Reserve Order Hasn’t Sparked Expected Price Surge

United States President Donald Trump recently issued an executive order that established a US Strategic Bitcoin Reserve. Numerous market observers anticipated that this would result in an instantaneous surge in crypto prices.

In contrast, the cryptocurrency’s value has declined since the announcement. Mitchnick elucidated this discrepancy by asserting that individuals anticipated early substantial outcomes from these market developments.

Premature expectations regarding the speed at which these favorable factors would influence prices were present, he stated. The BlackRock executive proposed that the market requires additional time to completely respond to these developments.

BlackRock Continues Push For Institutional Bitcoin Investment

Even as Bitcoin prices fluctuate, BlackRock has been exerting significant effort to encourage additional financial institutions and wealth managers to invest in its product. Mitchnick asserts that these endeavors are yielding results.

Major financial institutions, such as Barclays, JPMorgan, and Avenir Group, now possess substantial quantities of BlackRock’s iShares BTC Trust (IBIT), which monitors Bitcoin’s price, according to recent filings.

Recession Could Help Bitcoin In The Long Run

During the recent market uncertainty, Mitchnick attributed the lack of stability in Bitcoin to perception rather than actuality when asked why it has not been as stable as gold.

He characterized Bitcoin’s recent association with risky assets as “self-inflicted,” a consequence of market observers’ persistent designation of it as a risk-on asset. His analysis indicates that Bitcoin’s fundamental characteristics should cause it to move in opposition to market risks, akin to gold.

Meanwhile, Mitchnick disclosed that Bitcoin may actually benefit from a recession. He enumerated a number of economic downturns that are well-suited to Bitcoin’s characteristics, including increased government expenditure, reduced interest rates, stimulus money, and concerns regarding social stability.

Featured image from Gemini Imagen, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

Author Mitrade

4 hours ago

Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

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