BlackRock recommended that investors consider allocating 1% to 2% of their portfolios to Bitcoin, renewing debate over whether the cryptocurrency has reached maturity. Bitwise CEO Horsley argued that the recommendation instead shows Bitcoin adoption remains early, despite growing institutional demand and the year being 2026. BlackRock’s rolling 10-year analysis through May 2026 found that adding 1% or 2% Bitcoin to a traditional 60/40 portfolio could improve hypothetical annualized returns and risk-adjusted performance. The standard portfolio’s Sharpe ratio rose from 0.81 to 0.90 with a 1% allocation and to 0.96 with a 2% allocation. The 2% portfolio generated 1.85% alpha and had a 20.9% maximum drawdown, compared with 20.3% for the traditional mix. BlackRock described Bitcoin as a "unique portfolio diversification tool and monetary alternative option," while Horsley said the asset still has considerable room to absorb global investment portfolios as its supply becomes increasingly scarce.