BlackRock Executive: Bitcoin operates by its own rules and is a unique diversification tool from a long-term perspective

Foresight News reported that BlackRock’s US Equity ETF head Jay Jacobs, in an interview with Fox’s “The Claman Countdown,” stated that Bitcoin is a non-sovereign asset that operates according to its own rules and is primarily driven by geopolitical and inflation risks. Jacobs pointed out that Bitcoin behaves differently from stocks or bonds, playing a role in portfolios similar to gold. Although this asset has significant short-term volatility, from a long-term perspective, it is a unique diversification tool. With currency depreciation, rising government debt, and growing demand for cross-border asset flows, the value of Bitcoin will become even more apparent. In addition, Jacobs suggested that in an environment where the correlation between stocks and bonds strengthens, investors should consider using Bitcoin, gold, and other liquid alternatives such as ILT under BlackRock to enhance portfolio resilience.