In an interview with CNBC, BlackRock’s Jay Jacobs stated that “it’s still early days for Bitcoin.” Jacobs highlighted that its only been two years since the world’s largest asset manager launched its IBIT BTC ETF, and its already raised “tens of billions of dollars.” While many believe that it may be too late to make it big with the original cryptocurrency, many experts feel otherwise.
Bitcoin Still Far From Its Ceiling?
A BlackRock executive stating that Bitcoin (BTC) is still in its early days is not something to be taken lightly. The asset manager’s entry into the crypto realm has led to substantial adoption of BTC as an investment.
Apart from Jacobs, BlackRock CEO Larry Fink is also quite bullish on Bitcoin (BTC). In a 2025 letter to shareholders, Fink said that digital currencies like BTC could replace the US dollar. Fink warned shareholders about the growing US debt, and the threats it poses to the dollar.
How High Will BTC Go?
Bitcoin (BTC) climbed to a new all-time high of $126,080 in October 2025. The original crypto’s price has fallen by 28.5% since its peak. While BTC is facing substantial challenges right now, many anticipate the asset to recover soon.
Grayscale and Bernstein predict Bitcoin (BTC) will hit a new all-time high in 2026. Both financial institutions claim that BTC is following a 5-year path, and not the previously accepted 4-year trajectory. This means that the asset could hit a new peak in 2026, five years after its 2021 all-time high. Bernstein anticipates BTC to hit the $150,000 mark in 2026.
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Binance founder Changpeng Zhao (CZ) stated that Bitcoin (BTC) could climb to somewhere between $500,000 and $1 million this cycle. Other industry experts also believe that BTC will eventually breach the $1 million mark. If BTC ever hits $1 million, current prices coudl mean that we are still in the early days.