Bitcoin (BTC) is an emerging global monetary alternative

BlackRock, the world's largest asset manager with $11.5 trillion in assets, has been advancing its position in the cryptocurrency market.

BlackRock, the world’s largest asset manager with $11.5 trillion in assets, has been advancing its position in the cryptocurrency market. The company underscored Bitcoin as an emerging global monetary alternative.

The company, known for its massive footprint in financial markets, is venturing deeper into digital assets, highlighting a broader institutional trend. This moves come as traditional financial institutions display evolving perspectives about digital assets positioning Bitcoin beyond mere speculative investment space.

In a report titled “BlackRock Insights: Understanding Digital Assets,” the firm described Bitcoin as a decentralized, limited-supply asset that is witnessing increased institutional adoption.

Additionally, BlackRock has also shown that it is bullish on Bitcoin by procuring $218 million in BTC, which sets a record for its largest buy-in over a month. This comes after other buys made, which totaled $42.3 million and $45 million, reflecting a broader institutional trend toward embracing Bitcoin as a long-term investment. These actions signal an increasing confidence in digital assets, particularly while facing market volatility and global economic uncertainty.

Bitcoin ETF Inflows Reflect Institutional Confidence

BlackRock recently launched BlackRock’s iShares Bitcoin Trust (IBIT) to attract institutional investors. IBIT received $218.1 million on March 18, 2025, the largest capital inflow recorded over six weeks. Nonetheless, major fluctuations in the price might be witnessed, while a major boost in Bitcoin exchange-traded funds (ETFs) proves the institutional demand for the asset. Moreover, key financial giants like Barclays, JPMorgan and Avenir Group have invested in Bitcoin through BlackRock’s offerings.

Bitcoin has recently been volatile, with large institutions continuing to accumulate the asset despite the market downturn. The outflows from Bitcoin ETFs that were noticed earlier in the year were driven by hedge funds; however, long-term holders did not sell their coins. BlackRock is extending its exposure to the Bitcoin market as more professional investors use the current price fluctuations to accumulate Bitcoin.

Recession Could Drive Future Bitcoin Adoption

BlackRock’s Robbie Mitchnick, Global Head of Digital Assets, recently shared insights on the future of Bitcoin in a potential recession. According to Mitchnick, the scarcity and decentralized nature make it ideal for hedging volatile economic risks. Although it has not followed the gold upward during the recent stock market volatilities, Mitchnick expects it to appreciate as its long-term fundamentals will drive its value upward, especially amid emerging global developments.

The U.S. government’s establishment of a Strategic Bitcoin Reserve shows that Bitcoin is a crucial part of the financial system and that institutions still have confidence in this space despite volatility. At the same time, long-term Bitcoin holders have reportedly accumulated an additional 167,000 BTC with an estimated worth of $14 billion over the last month, according to Glassnode.

Mitchnick also noted that the ETF outflows are due to hedge funds closing arbitrage positions rather than from long-only investors. The support provided by institutions, along with continuous accumulation by some long-term investors, indicates a positive outlook for Bitcoin, which can take its price to $90k or beyond.