Foreign media: Chief Executive Officer of Bitwise Horsley, responding to BlackRock ' s Bitcoin proposal, stated that Bitcoin was still at an early stage in 2026. In his view, the rise in institutional interest in bitcoin did not mean that the market had reached a mature stage.
Institutional adoption is still under way
Horsley believes that BlackRock ' s proposal is more a signal that bitcoin is being included in the discussion by more large institutions. Even in 2026, the market's demand for matching coins increased.
Market narratives are still long.
In his view, the scarcity and long-term configuration of bitcoin continued to drive more investors to focus on the asset. The debate about whether it is mature or not also reflects the fact that the market is still not fully harmonized in its position as a currency.