Global economic uncertainty bodes well for Bitcoin: BlackRock executive

Jay Jacobs, head of US equity ETFs at BlackRock, said on the 25th that uncertainty in the global economy will be a tailwind for Bitcoin (BTC). According to Jacobs, the long-term correlation between US stocks and Bitcoin is low at about 0.2 to 0.3, and they tend to move differently, especially during periods of global instability. Since President Trump imposed tariffs on China and other countries, global financial markets have become more volatile, and investment destinations that move differently from traditional assets such as Bitcoin are attracting attention.

In this interview with CNBC, Jacobs said that BlackRock is "a huge force shaping global markets"...