Morning Minute: BlackRock Goes Risk-On for 2026

The investment giant is pointing to AI and digital assets like stablecoins as big forces driving change and growth in the economy.

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

The world’s largest asset manager is betting big on equities into 2026.

Thanks to AI and the digital asset boom.

BlackRock released its 2026 Global Outlook yesterday, and the message is straightforward: they’re staying risk-on.

The firm is overweight equities, underweight long-term Treasuries, and doubling down on what it calls the “mega forces” driving markets for the next decade.

Specifically, they see AI, the digital-finance buildout, and major shifts in global supply chains and geopolitics as driving factors.

Here are the core takeaways from the report:

Not the advice many would’ve expected, even a few years ago.

“We remain pro-risk and see the AI theme still the main driver of U.S. equities. Yet this environment is ripe for active investing – picking winners and losers from among the builders now and later as AI gains start to spread, in our view.” - BlackRock 2026 Global Outlook report

“Stablecoins are no longer niche–they’re becoming the bridge between traditional finance and digital liquidity,” BlackRock’s Global Head of Market Development Samara Cohen said.

Essentially, BlackRock is betting on growth, innovation, and long-term risk assets.

Not on a cookie-cutter, ancient 60/40 playbook of bond and equity index diversification.

And crypto (stablecoins) has a seat at the table.

This matters because when the biggest capital allocator in the world is leaning into equities and structural growth themes and sectors, it pushes capital in that direction.

Investment managers don’t get fired tailing BlackRock.

The biggest takeaway for crypto is that digital assets and digital finance are now officially a “mega force,” to steal BlackRock’s term.

BlackRock explicitly frames stablecoins, tokenization, and digital-asset infrastructure as part of the long-run transformation they’re positioning around.

That’s significant validation from a financial giant, that crypto is both investable and here to stay.

Major forces are shaping the future, and crypto (stablecoins) are one of the forces alongside AI and geopolitics. It’s a nice group to be included in…

A few Crypto and Web3 headlines that caught my eye:

Here’s a rundown of major token, protocol and airdrop news from the day:

Here is the list of other notable headlines from the day in NFTs:

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