BlackRock Strategy Chief Jay Jacobs: The true value of Bitcoin lies in its role within a portfolio Jay Jacobs shared on Fox Business that Bitcoin has its own logic and driving factors, primarily influenced by geopolitical and inflation risks. Bitcoin doesn’t have a clear target price; its price depends more on how many people in the world actually need this asset. Amid structural trends like currency devaluation, rising government debt, and increasing demand for cross-border asset transfers, Bitcoin’s long-term value continues to grow.