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'It's Still Early,' Bitwise CEO Reacts to BlackRock's Bitcoin Advice

As the crypto ecosystem continues to evolve, the growing adoption of the world's largest cryptocurrency by market capitalization, Bitcoin, has remained a longstanding topic of discussion.

cryptonews.net

Publisher

Aug 19, 2026 at 12:16 PM UTC · 1 Min. Lesezeit

'It's Still Early,' Bitwise CEO Reacts to BlackRock's Bitcoin Advice
Image via cryptonews.net

Key Signal

1% Suggested Bitcoin allocation floor

Entities

bitcoin, blackrock

Market Impact

BTC+0.98%$78,365

Last Updated

vor 2 Monaten

Übersetzung…

As the crypto ecosystem continues to evolve, the growing adoption of the world's largest cryptocurrency by market capitalization, Bitcoin, has remained a longstanding topic of discussion.

Earlier today, the leading asset management firm, BlackRock, reignited fresh debate on the matter after recommending a Bitcoin allocation strategy to investors.

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Bitwise's Horsley joins discussion

The viral Bitcoin advice has stirred discussions across the crypto community, and Bitwise's CEO joined in with claims that Bitcoin is still early even in 2026.

Prior to Horsley's reaction, BlackRock had recommended that investors should consider allocating 1% to 2% of their portfolios to Bitcoin.

While this highlights the growing adoption of Bitcoin as a potential portfolio asset for long-term investment, Horsley further backed it with a more extensive view.

Bitcoin · 30-day price▼ 9.4%
$86,510$81,857$77,204
Oct 4Oct 13Oct 23Nov 2

Bitcoin moved from $86,510.4 to $78,349.9 over the last 30-day period, a decline of 9.4 percent.

Source: Kraken · NewsLayer Markets · Updated vor ein paar Sekunden

Why this matters

BlackRock's suggested portfolio range gives institutional and retail investors a prominent reference point for considering Bitcoin exposure. The guidance could support broader portfolio-allocation discussions, though it does not guarantee new inflows or price gains.

Although many commentators perceived BlackRock's advice as a sign that Bitcoin has already reached maturity, Horsley believes the case is different.

Is Bitcoin adoption still early in 2026?

According to his statement, Horsley views BlackRock's advice as evidence that Bitcoin's adoption is still early; hence, there is still plenty of time for many to hop on the Bitcoin train.

Horsley further stressed that the fact that Bitcoin's adoption is still early may be hard to believe, considering it is already 2026 and its demand among large institutions has continued to increase.

While Horsley's take on the matter suggests that Bitcoin still has a lot of room to accommodate global investment portfolios, many still advocate that investors buy now as the asset is increasingly becoming scarce.

#bitcoin#blackrock#crypto

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Originally reported by cryptonews.net

NewsLayer coverage based on externally reported material.

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Market Context

₿

Bitcoin

BTC

$78,374

+0.99% (24H)

$78,374$78,018$77,661
3 AM10 AM6 PM2 AM

Market Cap

$1.58T

24H Volume

$12.2B

24H High

$78,518

View Bitcoin Market Page

Article Intelligence

Key Entities

bitcoinblackrock

Topics

crypto

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