Investors Focus on BTC as “Digital Gold,” Not Payments: BlackRock Exec

Bitcoin may inspire bold visions of a global payments network, but that’s not what is driving the bulk of institutional money into the asset today, according to Robbie Mitchnick, BlackRock’s head of digital assets. Key Takeaways: Institutional investors are treating Bitcoin primarily as a store of value, not a future payments network. Mitchnick says Bitcoin’s payments role remains speculative and would require major scaling progress to become practical. Stablecoins are rapidly gaining ground in payme ...