BlackRock expects fiscal fears to lift Bitcoin (BTC), while JPMorgan CEO Jamie Dimon is backing an AI-led stock rally. According to BeInCrypto, BlackRock digital assets head Robert Mitchnick said Bitcoin has lagged as AI absorbed investor attention, but he expects focus to shift back to US deficits near the midterms.
BTC trades near $64,360, down about 49% from its October 2025 record of $126,080, with BlackRock’s iShares Bitcoin Trust cited as the largest spot Bitcoin ETF. Dimon pointed to AI spending on track for roughly $700 billion this year and noted the S&P 500 cleared 7,600 in early June.
BlackRock, JPMorgan Split on Bitcoin vs. AI as Next Capital Magnet
2026-06-23 01:08:01
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