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.
'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 dk okuma
Key Signal
1% Suggested Bitcoin allocation floor
Entities
bitcoin, blackrock
Market Impact
BTC+8.25%$77,848
Last Updated
2 gün önce
Çevriliyor…
Earlier today, the leading asset management firm, BlackRock, reignited fresh debate on the matter after recommending a Bitcoin allocation strategy to investors.
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 moved from $65,050.1 to $77,851.6 over the last 30-day period, a gain of 19.7 percent.
Source: Kraken · NewsLayer Markets · Updated bir dakika önce
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
- Aug 19'It's Still Early,' Bitwise CEO Reacts to BlackRock's Bitcoin Advice
- Aug 21Regulatory news, not macro, is what’s driving the Bitcoin breakout: analysts
- Aug 21Bitcoin and gold surge as Bessent’s bond market intervention weighs on dollar
- Aug 21Bitcoin surges over 25% on short squeeze and crypto optimism
- Aug 19'It's Still Early,' Bitwise CEO Reacts to BlackRock's Bitcoin Advice
- Aug 21Regulatory news, not macro, is what’s driving the Bitcoin breakout: analysts
- Aug 21Bitcoin and gold surge as Bessent’s bond market intervention weighs on dollar
- Aug 21Bitcoin surges over 25% on short squeeze and crypto optimism
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Originally reported by cryptonews.net
NewsLayer coverage based on externally reported material.
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Market Context
Bitcoin
BTC
$77,848
+8.25% (24H)
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$1.56T
24H Volume
$58.7B
24H High
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