Robert Mitchnick believes Bitcoin adoption is still in the early stages. Mitchnick says BlackRock’s IBIT had a “pretty incredible first year.” Institutions will play a significant role in Bitcoin’s development in 2025. BlackRock’s Head of Digital Assets, Robert Mitchnick, believes Bitcoin adoption is still in its early stages. Mitchnick stated this in a recent interview, where he highlighted his firm’s performance in the past year, describing it as a “pretty incredible first year” for IBIT, the BlackRock Bitcoin spot ETF. JUST IN: BlackRock says Bitcoin adoption is still in early stages. pic.twitter.com/8iQF9laoXv — Watcher.Guru (@WatcherGuru) January 14, 2025 Mitchnick emphasized BlackRock’s commitment to educating clients about Bitcoin ETFs, noting that the product’s novelty requires consistent efforts to ensure understanding. Institutional Momentum Boosts Bitcoin ETFs According to Mitchnick, BlackRock’s IBIT set many records and experienced significant inflows and asset accumulation in the first year. He noted that the company will remain consistent with its focus and maintain a similar approach to what it did last year. … The post Bitcoin is Still in Early Adoption Stages – BlackRock appeared first on Coin Edition .