On January 15, Robbie Mitchnick, head of digital assets at BlackRock Group, which manages $11.50 trillion in assets, said in a Bloomberg video interview that "Bitcoin adoption is still in its early stages". Previously, Robbie said, "Some of the things that have happened in the crypto industry are a bit of an oolong event. Some cryptocurrency research publications and daily commentaries believe that bitcoin is clearly a risk asset and infer that it is a risk asset and should be traded like a stock. When we think of Bitcoin, we see it primarily as an emerging global currency alternative. It is a scarce, global, decentralised non-sovereign asset, an asset free from country-specific risk and traditional counterparty risk. "