BlackRock launched an ETF for Bitcoin (BTC), the largest global asset manager, with assets worth nearly $10 trillion. The financial The entry of giant into the crypto-world was considered historic, as it cemented BTC as an asset.
Recent studies have shown that the number of people who are able to speak English is increasing. report, BlackRock highlighted Bitcoin’s (BTC) unique attributes. BlackRock’s fund manager thinks BTC can be used for more than portfolio diversification. Report notes: “Bitcoin’s nature as a scarce, non-sovereign, decentralized global asset has caused some investors to consider it as a flight to safety option in times of fear and around certain geopolitically disruptive events.“
BlackRock claims BTC can be a safe haven during times of unrest, but acknowledges that the asset is not without its risks.
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BTC to Hit New All Time Highs Following BlackRock Report
Bitcoin (BTC), a cryptocurrency, hit an all-time record earlier this year with the approval of eleven spot BTC exchange traded funds. BTC has been facing some challenges in recent months but many expect it to reach a new high.
CoinCodex’s analysis shows that BTC prices will continue to rise over the next few years. next Few weeks. The asset is predicted to surpass the $85,000 threshold. next The new high for the month will be 85,539 dollars on October 16, 2024. The current level of $85,539 will be equivalent to an increase in value by 37.11%.
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Analysts at Changelly also expect Bitcoin (BTC), to rise over the next few years. next In a few weeks. Platform predicts BTC to hit an all-time record of $82,164 by Oct. 15th 2024. A price increase of 31.7% is expected to reach $82,164.
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Source: watcher.guru