Krutika Adani
At Investor Day NYC, Michael Saylor predicted BlackRock’s Bitcoin ETF (IBIT) will dominate global ETF rankings within the next 10 years.
Launched in Jan 2024, IBIT hit $10B in 7 weeks—making it the fastest-growing ETF ever. It now boasts over $53B in net assets.
Saylor urged companies to ditch fiat, calling Bitcoin a future-proof treasury asset that beats inflation and preserves value.
Spot BTC ETFs have pulled in over $37B in inflows, with IBIT leading the pack. Traders are shifting focus to Bitcoin as a safe haven.
With inflation fears, Fed rate cuts looming, and rising political support for BTC, Saylor says Wall Street’s BTC journey has only begun.