BlackRock, one of the world’s largest asset managers, has stated that Bitcoin (BTC), is going to be critical to the future. financial system. Indeed, Fox Business reporter Eleanor Terrett Robert Mitchnick is the director of Digital Assets for the company. He has shared his views on the crypto value.
Mitchnick stressed the importance BTC has in developing that financial system. He discussed the role of its new technology in integrating with existing infrastructure. He also notes that the company expects Bitcoin to be a major player in the financial sector over the next few years.
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BlackRock expects Bitcoin to play a critical role in the financial system
In the first quarter of 2018, the US Securities and Exchange Commission granted approval to 11 new Spot Bitcion Exchange Traded Funds (ETFs). BlackRock is one of the largest applicants. $10 trillion in assets under management. Bitcoin’s increasing prominence is evident in its venture into the market.
Robert Michnick, BlackRock’s head of digital asset, recently stated Bitcoin BTC importance for the financial system. Specific to his remarks, he spoke about the expectations placed today on this asset.
“Eventually we expect there will be a convergence, Mitchnick said at a Bitcion event this week. Moreover, he added it will see “The best parts of both the old and new systems will be merged into one new system for infrastructure in the finance industry.”
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Mitchnick said that although this should be extended to digital assets in general, it isn’t as easy as one might think. Specifically, he said BTC “is overwhelmingly the number one priority,” Investors. Ethereum is a promising cryptocurrency. “a little bit” Attention is needed “very little” Other assets: Interest in them
While the attention may only be on Bitcoin (BTC), the success of BTC has been proven to benefit the entire market. Rising tides have consistently raised all boats and the future is no exception. Bitcoin Halving Event This sentiment should be confirmed by another event.
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Source: watcher.guru