• BlackRock clients are not investing in Bitcoin for global payments but for its store-of-value appeal.
• Stablecoins are proving more successful than Bitcoin in payments, expanding beyond trading into remittance and settlement.
• ARK Invest's Cathie Wood has lowered her 2030 Bitcoin forecast, citing stablecoins' rapid rise and market adoption.

BlackRock’s head of digital assets, Robbie Mitchnick, has stated that the majority of the firm’s clients are not investing in Bitcoin for its potential as a global payments network:

“I think for us, and most of our clients today, they’re not really underwriting to that global payment network case. That’s sort of maybe out-of-the-money-option-value upside.”

...read more at bitbo.io