BlackRock Sees AI Driving Crypto’s Next Bull Market

After entering the digital asset market with spot Bitcoin and Ether ETFs, BlackRock has seen institutional capital increasingly concentrate in major assets with deeper liquidity and more mature regulatory foundations. Robbie Mitchnick, the firm’s head of digital assets, believes crypto could serve as the payment, settlement and value-transfer infrastructure of the AI economy, giving it long-term investment significance.

Mitchnick recently said institutional investors are currently focused on Bitcoin, Ether and a small number of tokens, while interest in broad altcoin allocations is declining. He expects AI to be an important long-term driver of crypto’s next bull market. BlackRock, however, has not announced any additional investment amount, product plans or a specific launch date.