DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Download on the App Store
Screenshot of DeepNewz app showing story detail view.
Apr 28, 07:11 PM
Blockstream CEO Sees Bitcoin Firms Surpassing Apple; BlackRock CIO Highlights $200T Market Cap and Institutional Focus on Bitcoin
Markets
Blockchains
Crypto

Blockstream CEO Sees Bitcoin Firms Surpassing Apple; BlackRock CIO Highlights $200T Market Cap and Institutional Focus on Bitcoin

Authors
  • Cointelegraph
  • Anthony Scaramucci
  • Bitcoin News
9

Adam Back, CEO of Blockstream, has projected that the largest Bitcoin companies will soon surpass major technology giants such as Apple, Amazon, NVIDIA, and Tesla in market capitalization. He further stated that Bitcoin treasury firms are driving a process of hyperbitcoinization, with Bitcoin's market cap expected to exceed $200 trillion within the next decade. Meanwhile, BlackRock's Chief Investment Officer, overseeing $11 trillion in assets, has emphasized Bitcoin's emergence as a new asset class that has captured significant institutional focus. According to BlackRock executives Jay Jacob and other senior officials, Bitcoin thrives amid economic uncertainty and is increasingly seen as a borderless store of value comparable to gold. Institutional investors are reportedly largely focused on Bitcoin, with Ethereum considered a distant second. Market movements have reflected this sentiment, with Bitcoin surging alongside declining confidence in the U.S. dollar. BlackRock’s ETF executives have also noted that institutional interest is predominantly concentrated on Bitcoin over other cryptocurrencies.

Written with ChatGPT (GPT-4).

Additional media

Image #1 for story blockstream-ceo-sees-bitcoin-firms-surpassing-apple-blackrock-cio-highlights-cap-e98995a3
Image #2 for story blockstream-ceo-sees-bitcoin-firms-surpassing-apple-blackrock-cio-highlights-cap-e98995a3
Image #3 for story blockstream-ceo-sees-bitcoin-firms-surpassing-apple-blackrock-cio-highlights-cap-e98995a3
Image #4 for story blockstream-ceo-sees-bitcoin-firms-surpassing-apple-blackrock-cio-highlights-cap-e98995a3
Image #5 for story blockstream-ceo-sees-bitcoin-firms-surpassing-apple-blackrock-cio-highlights-cap-e98995a3
Image #6 for story blockstream-ceo-sees-bitcoin-firms-surpassing-apple-blackrock-cio-highlights-cap-e98995a3
Image #7 for story blockstream-ceo-sees-bitcoin-firms-surpassing-apple-blackrock-cio-highlights-cap-e98995a3
Image #8 for story blockstream-ceo-sees-bitcoin-firms-surpassing-apple-blackrock-cio-highlights-cap-e98995a3
Image #9 for story blockstream-ceo-sees-bitcoin-firms-surpassing-apple-blackrock-cio-highlights-cap-e98995a3