BlackRock Says Bitcoin’s 50% Plunge Didn’t Break Its Long-Term Investment Case

BlackRock said Bitcoin’s more than 50% decline from its all-time highs in October 2025 to its mid-2026 lows has not changed its long-term investment case.

In its latest report, the asset manager attributed the sell-off to “idiosyncratic deleveraging and flow dynamics” rather than a structural shift in the cryptocurrency’s trajectory.

Long-Term Case Remains Intact BlackRock said that Bitcoin’s core role as an emerging global monetary alternative and a unique portfolio diversifier remains unchanged.

During the sell-off, BTC showed a “dual personality,” at times acting as a haven asset, especially after the US-Iran conflict, while also showing high correlations with risk assets during deleveraging episodes such as February 2026.