Bitcoin or AI? BlackRock and JPMorgan Split Over Where Capital Flows Next

BeInCrypto2026/06/22 21:39

By:BeInCrypto

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Wall Streets biggest names disagree over a simple choice, Bitcoin or AI. BlackRock expects fiscal fear to lift Bitcoin (BTC) while JPMorgans Jamie Dimon backs an AI-led stock rally. The split sets up a defining question for the rest of 2026. Investors must decide whether AI momentum or Bitcoins macro hedge case wins the next wave of capital. BlackRock Ties Bitcoin to US Debt Fears Robert Mitchnick, BlackRocks head of digital assets, said Bitcoin has lagged because AI absorbed investor attention. He expects that to shift as US deficits return to focus near the midterms. Bitcoin trades near $64,360, down about 49% from its October 2025 record of $126,080. BlackRocks iShares Bitcoin Trust anchored that earlier rally as the largest spot Bitcoin ETF. Bitcoin Price Performance. And the more fear there is over the borrowing level and the risk of money printing, that is ultimately the most important, I think fundamental driver ahead, Robert Mitchnick, BlackRock. Follow us on Xto get the latest news as it happens Dimon Sees an AI Tsunami JPMorgan chief Jamie Dimon takes the other side. He points to AI spending on track for roughly $700 billion this year, unemployment at 4.3%, and steady growth. The SP 500 cleared 7,600 for the first time in early June, led by AI names. SP500 (SPX) Performance. Were in a bull market. Its like a little tsunami. When that kind of thing happens, its very hard to stop, Jamie Dimon, JPMorgan. Dimon has long dismissed Bitcoin, once calling it a fraud. He still warned that geopolitical and fiscal risks are building beneath the surface over the next year or two. Bitcoin or AI for the Next Capital Wave Research firm NYDIG flagged the strain on Bitcoin demand. Spot Bitcoin ETFs have shed $6.4 billion since May 7, with only two positive flow days since. Spot Bitcoin ETF Flows. Stablecoin balances have also dropped $8 billion since May 22. Those redemptions show where institutional money flows. Analyst Greg Cipolaro added that Bitcoins weakest months historically fall in August and September. That window arrives before the midterm debate BlackRock is counting on. For now, AI keeps drawing capital that once chased Bitcoin and gold. The coming months will test both views. If deficits dominate headlines near the November vote, Bitcoins hedge case could return. Until then, AI holds the money.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

By Jacob Sonenshine Pinterest is down about 42% since Barron's recommended the stock in June 2025. During that time the S&P 500 has gained 29%. Time to move on. The problem isn't that Pinterest doesn't have long-term growth potential. It's that it has repeatedly failed to sustain a super high growth rate, creating uncertainty. Our thesis was that revenue growth would hold strong and the company's artificial intelligence usage would enable it to match the right products and advertisements with users. The hope was that Pinterest, with its hundreds of millions of users and more than $4 billion of annual sales, would grow within a global digital ad market worth hundreds of billions, as it would increasingly monetize its users. It has grown -- but not consistently at a high rate. Pinterest will continue to grow, but the market's concern doesn't appear likely to subside soon; revenue growth often decelerates by several percentage points, which causes large selloffs in the shares. The root of the problem is that whenever growth slows, the market is left to wonder if the platform is beginning to lose its relevance. Users now have a crowded field of options for finding personal and household trinkets to buy. Maybe the growth story isn't as beautiful as investors had hoped years ago, when the stock was at record highs of close to $90. Consider second quarter earnings, which management released Aug. 4, and caused the stock to drop. Yes, sales of $1.18 billion beat analyst's expectations and grew about 18% year over year, and yes, adjusted earnings per share of 43 cents beat estimates and grew 30%, as profit margins expanded. But the guidance signaled slowing growth yet again. Management guided for third quarter revenue of $1.2 billion at the midpoint of the range. That implies 14% year over year growth. Chief Financial Officer Julia Donnelly said on the earnings call that second quarter growth was strong partly due to the combination of brands increasing their ad spend around Amazon Prime Day and "World Cup-related spend th

Dow Jones•2026/10/06 03:34

Gold steady as firm dollar counters softer US rate-hike bets

EconomicTimes•2026/10/06 02:54

CFTC Clears Path for US Exchanges to Launch Perpetual Futures

Coinedition•2026/10/05 21:42