BlackRock’s Crypto Chief Advocates Bitcoin Allocation in Portfolios
At the Bitcoin 2025 conference in Las Vegas, Robert Mitchnick, head of BlackRock's digital assets division, reiterated the firm's strong endorsement of Bitcoin, advocating for a 2% portfolio allocation. This recommendation is backed by years of internal research, positioning Bitcoin as a hedge asset with potential upside surpassing gold. BlackRock's December report further solidifies this stance, highlighting Bitcoin's role in diversified investment strategies. As of July 2025, this perspective underscores the growing institutional confidence in Bitcoin's long-term value proposition.
BlackRock's Crypto Chief Advocates Bitcoin Allocation in Portfolios
Robert Mitchnick, head of BlackRock's digital assets division, reinforced the firm's endorsement of bitcoin during the Bitcoin 2025 conference in Las Vegas. A 2% portfolio allocation to BTC, he noted, is grounded in years of internal research rather than fleeting market trends.
BlackRock's December report positions Bitcoin as a hedge asset with potential upside exceeding gold. Mitchnick emphasized this conclusion resulted from rigorous analysis, not reactive sentiment. The firm's research underscores Bitcoin's role as a long-term store of value in diversified portfolios.
Bitcoin's integration into traditional finance reflects growing institutional confidence, Mitchnick added. Spot ETFs and similar products are accelerating this trend. BlackRock's findings suggest even modest Bitcoin exposure may improve risk-adjusted returns for investors with long horizons.
Bitcoin’s Fragile Ascent Amid Over-Optimism Warns Analyst
Bitcoin trades NEAR $110,000, fueling market anticipation, but on-chain analyst Willy Woo warns of excessive optimism. The greed index approaches critical levels as investors lock in profits. Despite this, strong buyer interest suggests the medium-to-long-term bullish trend remains intact.
Woo identifies a potential profit-taking zone around $114,000, where investor cost bases may trigger sell-offs. The rally from $75,000 to $110,000 appears driven by revaluation rather than new capital inflows, increasing the risk of a short-term correction.
A bear trap scenario could emerge if U.S. market reopenings fail to reignite buyer momentum. A low-volume squeeze above $110,000 might precede a sharp reversal, testing the market’s resilience.
Peter Schiff Blames Himself for Bitcoin Boom: 'You Buy Every Time I Say Don't'
Peter Schiff, a long-time Bitcoin critic, made a surprising admission at the Bitcoin 2025 conference. 'I'm likely responsible for more people owning bitcoin than any other individual,' he said. The remark, delivered with his trademark mix of sarcasm and self-awareness, highlighted the paradoxical effect of his relentless anti-Bitcoin rhetoric.
Schiff doubled down on his skepticism, calling Bitcoin a 'massive transfer of wealth' from late buyers to early adopters and likening the community to a 'giant cult.' Yet his influence on Bitcoin's adoption remains undeniable—every time he warns against it, interest seems to spike.
The debate over Bitcoin's fundamentals continues, with Schiff insisting it creates no real value. Meanwhile, the market's response to his critiques suggests a deeper tension between traditional financial skepticism and crypto's growing appeal.
Pakistan Announces Bitcoin Strategic Reserve, Shifting Crypto Stance
Pakistan is making a dramatic pivot toward cryptocurrency adoption with plans to establish a government-backed Bitcoin Strategic Reserve. Bilal bin Saqib, head of the Pakistan Crypto Council, unveiled the initiative at the Bitcoin 2025 conference in Las Vegas, citing U.S. crypto policies as inspiration. The reserve will hold BTC indefinitely, signaling long-term commitment rather than speculative trading.
This marks a stark reversal from Pakistan's 2023 stance, when cryptocurrencies were deemed illegal. The U.S. government's holdings of 463,741 BTC—2.3% of Bitcoin's total supply—appear to have influenced Islamabad's rethink. "This is Pakistan's chance to lead South Asia in decentralized finance," Saqib declared during the announcement.
Bitcoin Enthusiasts Gather in Las Vegas with Ambitious Price Projections
The Bitcoin$108,492 2025 Conference in Las Vegas brought together high-profile figures from politics and finance, underscoring growing institutional interest in cryptocurrency. U.S. Vice President JD Vance, MicroStrategy's Michael Saylor, and Tether CEO Paolo Ardoino were among the attendees, signaling a convergence of political and corporate support for Bitcoin's long-term potential.
Donald TRUMP Jr. and Eric Trump projected Bitcoin could exceed $170,000 by 2026, while Blockstream's Adam Back speculated a $1 million valuation if the U.S. established a Strategic Bitcoin Reserve. Michael Saylor doubled down on Bitcoin's role as a global store of value, envisioning a $13 million price target over 24 years.
The event highlighted Bitcoin's evolving narrative—from a speculative asset to a politically endorsed reserve currency. Market observers noted the absence of bearish voices, with discussions centered on adoption timelines rather than existential risks.
GameStop CEO Ryan Cohen Advocates Bitcoin as Hedge Against Currency Devaluation
GameStop CEO Ryan Cohen made waves at the Bitcoin 2025 Conference in Las Vegas by defending the company's $513 million Bitcoin purchase. The 4,710 BTC acquisition positions the retailer as one of the largest corporate holders of cryptocurrency.
"Bitcoin can be a hedge against global currency devaluation and systemic risk," Cohen stated, drawing parallels to gold's historical role. He emphasized Bitcoin's superior attributes—its verifiable scarcity and $2 trillion market cap that leaves "huge room" for growth compared to gold's $20 trillion valuation.
The announcement marks a strategic pivot for GameStop under Cohen's leadership. Cost-cutting measures and new revenue streams now include cryptocurrency exposure, reflecting growing institutional acceptance of Bitcoin's store-of-value proposition.
