{"id":91311,"date":"2025-11-23T15:48:31","date_gmt":"2025-11-23T12:48:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91311"},"modified":"2025-11-23T15:50:09","modified_gmt":"2025-11-23T12:50:09","slug":"blackrock-institutional-investors-view-bitcoin-as-digital-gold-not-a-payment-method","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blackrock-institutional-investors-view-bitcoin-as-digital-gold-not-a-payment-method\/","title":{"rendered":"BlackRock: Institutional Investors View Bitcoin as Digital Gold, Not a Payment Method"},"content":{"rendered":"<p>Most clients of the world&#8217;s largest asset management firms do not consider Bitcoin&#8217;s payment potential when deciding to purchase the asset, according to Robert Mitchnick, head of BlackRock&#8217;s crypto division.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"BlackRock's Robbie Mitchnick on Historic Bitcoin ETF, BTC\u2019s Role in Portfolios Amid Debasement\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/sKDsbe7QXos?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>He stated that investors perceive the first cryptocurrency as digital gold and a store of value. The asset&#8217;s payment capabilities are seen more as an additional option &#8220;beyond money.&#8221;<\/p>\n<p>This market participant mindset does not preclude Bitcoin from gaining widespread use as a payment method, Mitchnick clarified. However, he described this scenario as &#8220;somewhat speculative.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;To realize [the idea of a transactional system], much needs to be done in terms of scaling the main network, <a href=\"https:\/\/forklog.com\/en\/news\/lightning-network-faster-cheaper-bitcoin-transactions\">Lightning Network<\/a>, and other aspects,&#8221; said the top executive.<\/p>\n<\/blockquote>\n<p>Meanwhile, Mitchnick pointed to the &#8220;tremendous success&#8221; of stablecoins in monetary operations:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;They truly occupy a huge space in the market as a payment tool, serving as an efficient means of moving funds.&#8221;<\/p>\n<\/blockquote>\n<p>The head of BlackRock&#8217;s crypto division is confident that stablecoins have the potential to expand their applications beyond the crypto ecosystem, encompassing retail, corporate, and cross-border transfers, as well as capital market settlements.<\/p>\n<p>In September, Mitchnick <a href=\"https:\/\/forklog.com\/en\/news\/blackrock-executive-describes-bitcoin-as-a-risk-free-asset\">highlighted<\/a> that digital gold is mistakenly classified as a risky asset, despite its frequent correlation with the stock market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most clients of the world&#8217;s largest asset management firms do not consider Bitcoin&#8217;s payment potential when deciding to purchase the asset, according to Robert Mitchnick, head of BlackRock&#8217;s crypto division.<\/p>\n","protected":false},"author":1,"featured_media":91312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"BlackRock's Mitchnick says Bitcoin seen as digital gold, not payment method.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,865,1138],"class_list":["post-91311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blackrock","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"191","promo_type":"1","layout_type":"1","short_excerpt":"BlackRock's Mitchnick says Bitcoin seen as digital gold, not payment method.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=91311"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91311\/revisions"}],"predecessor-version":[{"id":91313,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91311\/revisions\/91313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91312"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=91311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=91311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=91311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}