The recent news that BlackRock, a leading investment management firm, has acquired a significant amount of shares in its Bitcoin ETF has sent shockwaves through the cryptocurrency market. This move is seen as a major vote of confidence in the long-term prospects of Bitcoin and the broader cryptocurrency market.
A Giant Takes a Stake
BlackRock's investment in Bitcoin is a significant development for several reasons. Firstly, it is a testament to the growing recognition of Bitcoin as a legitimate asset class. BlackRock's decision to invest in Bitcoin ETFs suggests that the company believes in the potential for long-term growth and returns from this asset class.
Secondly, BlackRock's investment is a significant boost to the credibility of the cryptocurrency market. As one of the largest and most respected investment management firms in the world, BlackRock's endorsement of Bitcoin will likely attract more institutional investors to the market.
Increased Institutional Interest
The BlackRock investment is also a sign of increased institutional interest in the cryptocurrency market. As more institutional investors enter the market, it is likely to drive up demand for Bitcoin and other cryptocurrencies, leading to higher prices and greater liquidity.
Long-Term Prospects
In the long term, BlackRock's investment in Bitcoin is likely to have a positive impact on the cryptocurrency market. As more institutional investors enter the market, it will help to drive up demand and prices, making it more accessible to individual investors.
Furthermore, BlackRock's investment is a sign that the cryptocurrency market is becoming more mainstream. As more established financial institutions become involved in the market, it will help to reduce the stigma associated with investing in cryptocurrencies.
Conclusion
BlackRock's investment in Bitcoin is a significant development for the cryptocurrency market. It is a testament to the growing recognition of Bitcoin as a legitimate asset class and a sign of increased institutional interest in the market.
As more institutional investors enter the market, it is likely to drive up demand and prices, making it more accessible to individual investors. In the long term, this will help to drive the growth and adoption of cryptocurrencies, making them a more mainstream part of the financial landscape.
Potential Roadmap
Here is a potential roadmap for the cryptocurrency market in the long term:
Short-term (2023-2025): Increased institutional interest and investment in the cryptocurrency market, leading to higher prices and greater liquidity.Medium-term (2025-2030): Widespread adoption of cryptocurrencies by mainstream financial institutions, leading to increased use cases and applications.Long-term (2030-2040): Cryptocurrencies become a mainstream part of the financial landscape, with widespread use and acceptance.
Note: This is a hypothetical roadmap and not a prediction of actual events.
$BTC $ETH $XRP

#BlackRock #Bitcoin #Cryptocurrency #BTCInvestment #CryptoGrowth #InstitutionalInvestment #BitcoinETF #DigitalAssets #CryptoAdoption #Blockchain #Binance #CryptoInvesting #CryptoNewss #BitcoinBull #BtcNewHolder

The Frax Finance community has voted to accept BlackRock's BUIDL as the contingent asset for the proposed Frax USD (frxUSD) stablecoin, with voting open until January 1, 2025.

The #Frax financial community is wondering whether to adopt #BlackRock Institutional's USD Digital Liquidity Fund (BUIDL) as the back-up asset for the proposed Frax USD (frxUSD) stablecoin. BUIDL), and has launched an important voting process to decide whether to accept it.
The voting process, which began on December 26, 2024, will be open until January 1, 2025. So far, all Decentralized Finance (DeFi) Lending Protocol (FXS) token holders have voted in favor.
According to the voting summary, BlackRock's BUIDL as a backup asset for Frax USD Acceptance could bring several benefits. These include creating revenue opportunities, increasing liquidity, improving transfer options and reducing counterparty risk with the support of BlackRock.
Originally introduced by Securitize, a real asset tokenization platform, this service is an institutional
This proposal has received significant support from the Frax Finance community. In a discussion on December 22, a user with the nickname achaffee user with the nickname RWA, highlighted the potential for tokenized real-world assets (RWAs) to bridge the gap between traditional finance and #DeFi .
achaffee noted that RWAs are a great bridge because they allow institutional-level investments to be included on the #blockchain . He stated. This view is shared by others in the community, who believe that BlackRock's BUIDL integration could be an important evolution in how decentralized players manage their financial resources.
BlackRock's BUIDL fund will launch on March 15, 2024. Less than four months after the launch, which will take place on March 15, 2024, the fund has more than $500 million in assets under management, is pegged 1:1 to the USD and pays daily accrued dividends directly to investors thanks to a partnership with Securitisation The fund

Read us at: Compass Investments
#GlobalCrypto

BlackRock sells $1887 million worth of Bitcoin in a single day; it made the biggest one-day move in its Bitcoin portfolio, a massive blow to the digital currency market.It seems to us that this type of maneuvering inevitably gives rise to questions about institutional behaviour, including fund rebalancing, profit-taking or macroeconomic signals.Nonetheless, experiences like high volumes of trades reveal market efficiency that underlines the development of the cryptocurrency environments.
Notably, BlackRock, the world’s largest asset manager, has sold $188.7 million worth of Bitcoin in a single day. This has made investors and analysts to wonder about the possible effects on other related markets including the cryptocurrency market. This massive outflow has been attributed to several factors, though the reason has not been well understood; all the same, it shows how sensitive markets are and how some big institutions impact them.
The Outflow in Numbers and Market Implications
Based on the information received, BlackRock reduces the utilization of Spot Bitcoin ETF which is in stark difference with the constant increase observed earlier this year. This might be as a result of changes in institutional plans or short term market fluctuations, seeing that the Bitcoin price is closely following the sell-off. The $188.7 million liquidation is one which stands out clearly and has been an indication of the extent that institutions have invested in the crypto market.
It illustrates a phenomenon that has been recently increasingly perceived in the cryptocurrency market – the actions of institutional investors, such as BlackRock. Their actions tend to cause chain reactions in trading platforms that avoid writing retail and institutional viewpoints. With Bitcoin prices rallying and falling in the wake of the selloff, market players are left to guess whether BlackRock was simply “taking profits,” rebalancing a fund, or reacting to some macroeconomic factors.
Investor Concerns and Market Resilience
Despite the signal the sell-off put out there, other analysts prefer to focus more on the ability of the market to handle high volume trades. In the past such drastic measures influenced prices slightly but did not affect fundamental trends that dominate the market. However, with BlackRock having a large scale as an investment management institution its actions are closely watched, making it layers of complication to the markets.
The sell-off is a combination of some fundamental triggers and, therefore, reminds that cryptocurrency markets might be very vulnerable. BlackRock has also raised interesting questions for investors, as to whether such a move will happen again or was just a one-off.

#BlackRock #Bitcoin #BTC #CryptoNews #CryptoMarket $BTC $ETH $XRP

BlackRock, the world's largest asset management firm, has sparked controversy in the community when posting a video introducing Bitcoin accompanied by the caption:

“There is no guarantee that the fixed total supply of 21 million BTC will not change in the future.”

Controversial Point

• BlackRock asserts that Bitcoin has a maximum supply of 21 million BTC, a core feature that helps prevent inflation.

• However, the caption in the video has raised concerns about the possibility of changing the total supply of BTC, which is seen as the “immutable tenet” of the Bitcoin community.

🔔 MARKET MOVING NEWS! (23/12/24)

1️⃣ Securitize Proposes BlackRock BUIDL Fund As Collateral For Frax USD ▶️
#BlackRock
Securitize, the brokerage firm for the tokenised BlackRock US dollar Institutional Digital Liquidity Fund (BUIDL), has reportedly submitted a governance proposal that calls for adding the BUIDL token as backing collateral for the Frax USD stablecoin. The proposal claims that using BUIDL as a collateral reserve asset provides yield opportunities, deeper liquidity and transfer options, and reduced counter-party risk due to the backing of the world's largest asset manager, BlackRock. If passed, Frax USD will follow in the footsteps of stablecoins like Ethena's USDtb in adopting the BUIDL token as a backing asset.

2️⃣ Trump Picks Bo Hines to Lead Presidential Crypto Council ⚡️

President-elect Donald Trump announced that Bo Hines, a former Republican nominee for the House of Representatives, will lead his “Crypto Council” as the Executive Director of the Presidential Council of Advisers for Digital Assets. This appointment will see Hines work alongside David Sacks, Trump's pick for the White House AI and Crypto Czar. Hines’ responsibilities reportedly include overseeing a "new advisory group composed of luminaries from the crypto industry.”

Trump stated,
#TrumpCryptoSupport
In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed. Together, they will create an environment where this industry can flourish, and remain a cornerstone of our nation's technological advancement.

3️⃣ Metaplanet Continues Bitcoin Buying Spree with Latest $61 Million Purchase 💸
$BTC
Japanese investment firm Metaplanet Inc. reportedly spent nearly $61 million to make its largest-ever BTC purchase, scooping up almost 620 BTC at an average purchase price of 15.3 million yen ($97,786) per BTC. This brings the company’s total holdings to 1,761.98 BTC, or about $167.1 million. The latest purchase makes its BTC holdings the 12th-largest among public companies, behind medical tech maker Semler Scientific.

4️⃣ Unichain’s Public Mainnet Expected to Launch In ‘Early 2025,’ Uniswap Says ‼️
#uniswap
Unichain, the DeFi-focused Layer 2 chain built by Uniswap, is reportedly planning to launch its public mainnet in early 2025. The developers stated that starting Jan. 6 2025, Unichain Sepolia will undergo planned maintenance to activate permissionless fault proofs – a feature that allows any participant to verify a blockchain’s given state and challenge invalid withdrawals. The developers plan to integrate permissionless fault proofs from day one of Unichain's mainnet launch. The mainnet will open to the public immediately after completing the maintenance and safety validations.
#CryptoAMA

Over a period of 74 days, I collected statistics and forecasts from many experts.
And now I come to a conclusion based on their reasoning.
$HBAR 600$ 2029
$GALA 117$ 2028
$XRP 37$ 2030
Why the price #HBAR ? Because of the latest technologies they implement. And the security of their data. At the moment, HBAR technologies are cooler than SOL (#Solana⁩ )