BlackRock: Institutions focus on Bitcoin and Ethereum, with AI seen as a key driving force in the crypto market

Robbie Mitchnick, head of digital assets at BlackRock, stated that institutional investors are concentrating their allocations of crypto assets on Bitcoin and Ethereum, with limited interest in most other tokens, believing they lack long-term value.

At the same time, he pointed out that artificial intelligence will become a more important long-term driver than crypto assets, and emphasized that cryptocurrency, as "computer-native currency," has a natural synergy with AI's "computer-native data and intelligence."