BlackRock sees another banner year for Bitcoin under Trump

After a record-breaking 2024, Bitcoin is poised for another significant surge this year under President-elect Donald Trump, according to BlackRock's ETF chief, Samara Cohen.

Speaking on CNBC’s “ETF Edge,” Cohen predicted that forthcoming cryptocurrency deregulation would fuel another historic year for the digital asset.

Cohen highlighted the expected progress on the Financial Innovation and Technology for the 21st Century Act (FIT21), along with advancements in stablecoin regulation and clearer definitions in crypto taxonomy. These regulatory shifts, she believes, will pave the way for Bitcoin’s continued ascent.

BlackRock’s iShares Bitcoin Trust (IBIT), under Cohen’s leadership, has already made waves, surging 114% since its launch in January 2024 and climbing nearly 8% year-to-date. Bitcoin recently crossed the US$100,000 mark, showcasing its strong performance despite the inherent volatility of the asset.

“Investors should expect volatility … But in the long term, the price of Bitcoin is really going to be determined by the level and pace of adoption,” Cohen said.

BlackRock’s optimism isn’t isolated. The firm recently launched its iShares Bitcoin ETF on CBOE Canada, further solidifying its commitment to the cryptocurrency market. Meanwhile, Calamos Investments is gearing up to introduce the Bitcoin Structured Alt Protection ETF, which claims to offer 100% downside protection. Set to launch just after Trump’s inauguration, it marks another bold move in the expanding crypto ETF space.

As the industry anticipates regulatory clarity and innovation under the new administration, Bitcoin’s role in the financial landscape appears set for another transformative year.

Disclaimer: The content on this website is for informational purposes only and does not constitute financial, investment, or legal advice. Always consult a qualified professional before making financial decisions.

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