BlackRock: Bitcoin Still Diversifies Portfolios Despite Institutional Shift

BlackRock's Jay Jacobs says Bitcoin remains a portfolio diversifier despite institutional adoption.

Speaking on Anthony Pompliano's podcast, Jacobs explained that artificial intelligence (AI) opportunities are increasingly shifting beyond traditional tech sectors.

Jacobs argued that the biggest mismatch in AI is demand compounding while supply cannot keep up. He noted that large language models can write code to improve themselves, but physical inputs like copper and zinc take years to build.

According to Jacobs, investors are looking in the wrong place for AI opportunities, viewing it as a tech theme when it's actually a healthcare, legal, and consumer theme.