BlackRock Digital Assets Lead: Bitcoin Adoption Still in Early Stage

BlockBeats News, January 15th, Robbie Mitchnick, Digital Assets Lead at BlackRock, which manages $11.5 trillion in assets, said in a Bloomberg video interview that "Bitcoin adoption is still in its early stages."

Previously, Robbie stated, "Some of the things happening in the crypto industry are a bit like a comedy of errors. Some publications and daily commentaries on cryptocurrency research clearly view Bitcoin as a risk asset and infer from this that it is a risk asset that should be traded like a stock.

When we think about Bitcoin, we primarily see it as an emerging global monetary alternative. It is a scarce, global, decentralized non-sovereign asset that is free of country-specific risks and traditional counterparty risks."