A few weeks ago, asset manager BlackRock filed a Bitcoin ETF application with the SEC. The procedure had far-reaching consequences for the crypto market. Effects that are still being felt today.
It's not the first time that financial giants have made optimistic statements about bitcoin. But this time, the CEO of the world's largest asset management company openly declared his preference for bitcoin “over investing in gold, […] bitcoin is an international asset”. In the wake of this statement, bitcoin is on the verge of a bull market. As stock market indices consolidate, bitcoin is on its highest levels of the year. But is bitcoin “digital gold”? And what are the aims of this financial giant?
In 2017, Larry Fink, CEO of asset management company BlackRock was scathing about bitcoin. In particular, he criticized the crypto queen as a mafia asset, useful for laundering money. Now, his views on bitcoin's usefulness have changed dramatically.
Bitcoin is still sitting on $30,000, but the bullish pressure is palpable. Here are the top 5 (crescendo) bullish factors.
After a week of consolidation, bitcoin (BTC) is at a decisive point. Bullish indicators suggest that the 25% rise could continue. Nevertheless, it's important for investors to be cautious, as a decline is also a possibility.
Recently, BlackRock filed a Bitcoin ETF application with the SEC. The process is still in its early stages, but already seems to mark a major change for bitcoin.
Bitcoin (BTC) recently broke through the psychological $30,000 barrier, which seems like a good time to buy. Here are some interesting buying areas.
The price of Bitcoin recently soared following a series of events triggered by BlackRock's ETF request. Some analysts believe this marks the beginning of a bull run for the flagship cryptocurrency. However, one of them remains cautious about this prospect. Here's why.
On Documenting Bitcoin's Twitter profile, there's a video of BlackRock CEO Larry Fink explaining that “Bitcoin has caught the attention and imagination of many people. They're fascinated and excited.” As a reminder, BlackRock is the world's largest asset manager.
BlackRock recently filed a Bitcoin ETF application with the SEC. According to several analysts, the process could be beneficial for the price of Bitcoin (BTC) by attracting more institutional investors. Recent trends point to an increase in institutional investors' confidence in the crypto market.
BlackRock is particularly interested in cryptocurrencies, as well as ETFs. A few months ago, the company launched an ETF in Europe. This time, they have set their sights on a Bitcoin ETF. There is no guarantee that this process will be successful, but it could have significant effects on the flagship cryptocurrency market.