BlackRock: Institutions Focused on Bitcoin and Ethereum, AI Seen as Key Cryptocurrency Market Driver

BlockBeats News, March 25th. Robbie Mitchnick, Head of Digital Assets at BlackRock, stated that institutional investors are currently concentrating their crypto asset allocations in Bitcoin and Ethereum, showing limited interest in most other tokens due to perceived lack of long-term value. At the same time, he highlighted that artificial intelligence will become a more significant long-term driver than crypto assets and emphasized the synergy between cryptocurrency as "computer-native money" and AI's "computer-native data and intelligence." (CoinDesk)