BlackRock, the largest asset manager on the planet, published a report with projections for 2026 presenting a very positive outlook on the future of cryptocurrencies, especially regarding the entry of large institutions into this market. This analysis is directly linked to the worsening fiscal situation in the United States.
According to the document, American public debt is expected to exceed $38 trillion, creating an environment of fragility and showing the ineffectiveness of traditional financial protection mechanisms. For the crypto sector, this situation is favorable, as it tends to accelerate Wall Street's search for digital assets.
The report highlights that the increase in government loans creates additional risks, such as fluctuations in Treasury bond yields, driven by fiscal concerns or political disputes between combating inflation and debt costs.
In BlackRock's view, the crisis in long-term US bonds — considered pillars of conventional finance — highlights that the combination of public debt and leverage supported by artificial intelligence can further weaken the system. In this context, financial institutions should turn to alternatives like Bitcoin, both for protection and to maintain returns.
This movement is already reflected in numbers: BlackRock itself allocated $100 billion to Bitcoin ETFs, reinforcing the expectation that BTC and other cryptocurrencies will return to historical highs in 2026. There are projections that place the price of Bitcoin above $200,000.
The report describes this process as a "small but relevant step towards a tokenized financial system," capable of providing decentralized infrastructure for private credit and asset management. Larry Fink, CEO of BlackRock, defines tokenization as the next stage in the evolution of financial markets, summarizing the idea that where public debt fails, the digital economy finds space to thrive.
Samara Cohen, global director of market development at the management company, also emphasizes the role of stablecoins, which, according to her, have ceased to be a niche and are consolidating as the bridge between traditional finance and digital liquidity.
