[BlackRock Executive: Clients Invest in Bitcoin Mainly for 'Digital Gold' Considerations, Not Global Payment Scenarios] According to a report by Golden Finance, Robbie Mitchnick, head of BlackRock's digital asset division, stated that the majority of clients at the world's largest asset management company do not consider Bitcoin's widespread application in daily payments when deciding whether to invest in it. In a podcast interview released on Friday, Mitchnick said: 'I think, for us and for most of our clients today, they are not really investing in Bitcoin based on the case of a global payment network.' He described the possibility of Bitcoin being widely used for daily payments in the future as 'out-of-the-money-option-value upside.' Mitchnick emphasized that this does not mean Bitcoin cannot eventually achieve widespread payment use, but he referred to such a scenario as 'more speculative' and highlighted that investors are currently more focused on Bitcoin as 'digital gold' or a store of value. He believes that for a shift to payment scenarios to occur, 'a lot of things still need to happen,' including developments in Bitcoin scaling and technologies like Lightning.