BlackRock's Mitchnick says macro case for bitcoin is strengthening after record trading in positive week

BlackRock's Mitchnick said the macro case for bitcoin is strengthening after a week of record trading and positive returns, signaling growing institutional engagement and liquidity. That momentum suggests increased likelihood of sustained inflows—particularly into ETF-related venues—which could provide continued price support and reduce volatility over time. However, the outlook remains contingent on broader macro conditions (rates, dollar strength) and ongoing regulatory clarity.