If you're looking for your bitcoin to go to the moon, the window of opportunity may be slowly closing, according to BlackRock.
"Certainly, returns going forward will come down," he said at the Bitcoin Investor Day conference in New York City Friday.
That demand was "massive and clear" in 2023, when BlackRock filed to launch its iShares Bitcoin Trust.
"I don't think we've seen the end of cycles in bitcoin," Mitchnick said.
"[With] bitcoin, when the price goes up, the probabilities of success and adoption in some senses, as digital gold, are also changing," he said.
Persons:
Robert Mitchnick, It's, –, Mitchnick, CNBC's Ganesh Rao
Organizations:
BlackRock
Locations:
BlackRock, New York, @GC