BlackRock’s forecast for 2026 states that rising economic instability in the United States and accelerating government debt growth may weaken long-term treasuries’ role as traditional hedges.

Implications for digital assets

According to the report, reduced effectiveness of long-duration U.S. government bonds could prompt wider institutional adoption of digital assets such as BTC as alternative portfolio components and store-of-value instruments.

The document also highlights the expanding technical and regulatory roles of tokenization and stablecoins as infrastructure that connects conventional financial markets with emerging digital ecosystems, potentially facilitating asset transfer and liquidity across borders.

Infrastructure and market dynamics

BlackRock points to tokenization and stablecoins as mechanisms that can mechanize asset issuance, settlement and custody processes, thereby reducing frictions between legacy systems and digital protocols.

• Tokenization: potential to represent traditional assets on distributed ledgers and improve fractional ownership.
• Stablecoins: potential to serve as on‑chain medium of exchange and settlement layer between fiat and digital assets.

The report frames these developments as responses to macroeconomic pressures rather than immediate predictions of price moves, and it presents them as structural shifts in market infrastructure that deserve monitoring by investors and policymakers.