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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 de lecture

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

Entities

bitcoin, blackrock

Market Impact

BTC+6.01%$72,545

Last Updated

il y a un jour

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▲ 9.8%
$72,543$67,651$62,760
Jul 22Jul 31Aug 10Aug 20

Bitcoin moved from $66,072.5 to $72,542.5 over the last 30-day period, a gain of 9.8 percent.

Source: Kraken · NewsLayer Markets · Updated il y a quelques secondes

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.

Follow the Story

  1. Aug 19'It's Still Early,' Bitwise CEO Reacts to BlackRock's Bitcoin Advice
  2. Aug 20Bitcoin (BTC) price analysis: $180,000 targeted on Treasury buybacks
  3. Aug 20Bitcoin Approaches "Golden Cross"! Strategy (MSTR.US) Holds 4% of Global Supply, but Hidden Leverage Risks Loom
  4. Aug 20Bitcoin surges above $70K as Trump backs Clarity Act, Treasury ramps up buybacks
  1. Aug 19'It's Still Early,' Bitwise CEO Reacts to BlackRock's Bitcoin Advice
  2. Aug 20Bitcoin (BTC) price analysis: $180,000 targeted on Treasury buybacks
  3. Aug 20Bitcoin Approaches "Golden Cross"! Strategy (MSTR.US) Holds 4% of Global Supply, but Hidden Leverage Risks Loom
  4. Aug 20Bitcoin surges above $70K as Trump backs Clarity Act, Treasury ramps up buybacks
#bitcoin#blackrock#crypto

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Originally reported by cryptonews.net

NewsLayer coverage based on externally reported material.

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Bitcoin

BTC

$72,613

+6.11% (24H)

$72,613$70,393$68,173
5 PM12 AM8 AM4 PM

Market Cap

$1.46T

24H Volume

$45.2B

24H High

$72,768

View Bitcoin Market Page

Article Intelligence

Key Entities

bitcoinblackrock

Topics

crypto

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