BlackRock Reports Surge in Bitcoin Demand as Investors Flee Market Chaos

When traditional markets wobble, crypto gets a caffeine hit. BlackRock—the $10 trillion gorilla in the room—just flagged a sharp uptick in Bitcoin allocations as institutional players play defense against volatility.

Gold’s digital cousin is back in vogue. Again.

No surprise here: every time Wall Street sneezes, Bitcoin becomes the hedge du jour for the ‘smart money’ crowd (who somehow forget its 80% drops between rallies).

BlackRock Clients Want Bitcoin

In a recent interview with CNBC, BlackRock’s Jay Jacobs shared how the firm’s clients are pivoting towards Bitcoin amid rising global uncertainties. Jacobs was asked about the importance of Bitcoin as the newest tool of safe trading, to which he responded that Bitcoin is now gaining momentum as a new diversification tool for our clients.

BREAKING – $11 Trillion BlackRock says "Clients are asking about Bitcoin" & "global uncertainty" will drive demand.pic.twitter.com/Mbi2gPNDEq

Jacobs had earlier shared his stance on Bitcoin, adding how the asset thrives in times of global chaos and uncertainty.

What Is Bitcoin’s Current Price Target?

Bitcoin is now slowly becoming a leading asset class, being touted as a safe haven asset similar to gold. In addition to this, several Analysts have already predicted bitcoin crossing $150K sooner rather than later.

In one such prediction, notable American entrepreneur Grand Cardone has predicted how BTC will surge and cross $250K by the end of 2025. Cardone added how he believes BTC can easily surge past $500K in the next two or three years.

Grant Cardone: "I think before the end of this year we see $250k. I think we see $500k Bitcoin in the next 2-3 years." pic.twitter.com/goD4zkDi5x

Per the predictions issued by Ark Invest, BTC is projected to hit $310,000 of $710,000 to $1.5 million per Bitcoin by the year 2030.