BlackRock Releases 3-Minute Bitcoin Educational Video: BTC is No Longer a Radical Idea, Has Become an Emerging Global Currency Alternative

The world's largest asset management company, BlackRock, recently released a three-minute educational video introducing Bitcoin. In the video, BlackRock points out that Bitcoin is no longer viewed as a radical idea, as it was 15 years ago, and is gradually becoming an emerging global currency alternative. The extent of its adoption still needs time to validate. (Background: In less than a year, BlackRock's Bitcoin ETF has surpassed its gold fund, and banks are analyzing an acceleration in institutional adoption next year.) (Additional context: BlackRock: The global Bitcoin strategic reserve race has begun; no country can ignore BTC anymore.) Managing $11.5 trillion in assets, the world's largest asset management company, BlackRock, has taken an important step in embracing cryptocurrency, recently releasing a three-minute educational video to introduce Bitcoin. JUST IN: BlackRock releases 3 minute educational video explaining what #Bitcoin is. pic.twitter.com/EjqBbV0GRn — Bitcoin Magazine (@BitcoinMagazine) December 17, 2024 Praising Bitcoin as an emerging global currency alternative, BlackRock's video explains that throughout history, humans have used various items for trade and value storage, from shells and metals to paper money. This is because value lies not only in the item itself but depends on humanity's consensus on what the item represents. Therefore, items can be many things, even a string of numbers composed of digital code. The video states that Bitcoin emerged as a digital currency not controlled by banks or governments, maintained by its global user community, with transactions occurring directly between people, nearly instantaneously, and at almost zero cost. The total supply of Bitcoin is fixed at 21 million coins, a hard cap that controls supply and purchasing power, helping to avoid inflation that may arise from excessive money printing. BlackRock emphasizes that Bitcoin is no longer a radical concept as it was 15 years ago; today, over 500 million people globally use cryptocurrency, with more than half holding or investing in Bitcoin. Some use Bitcoin for cross-border transfers and shopping, while others see it as an investment due to its limited supply and uniqueness compared to other financial assets. The video concludes that for some people in certain countries, Bitcoin's value is even more profound as it provides greater financial autonomy and can serve as an alternative to local currencies. Bitcoin is gradually becoming an emerging global currency alternative, and how far its adoption will develop still needs time to verify. BlackRock's Bitcoin ETF has surpassed its gold ETF in size. Previously, BlackRock's Bitcoin spot ETF had surpassed its gold ETF holdings, currently reaching $57.6 billion. Last month, BlackRock also expressed optimism about Bitcoin's prospects, suggesting that a Trump victory in the 2024 U.S. elections could bring a "new optimism" to Bitcoin strategic reserves or usher in a new era of clearer regulation of asset classes in the U.S. BlackRock noted that over the past two years, U.S. regulation of the cryptocurrency industry has not been clear. The SEC's approach of "enforcement over regulation" has led to numerous lawsuits, but this situation may change with Trump returning to the White House. Related reports: BlackRock's Bitcoin fund IBIT becomes the fastest-growing ETF in history! Its size has exceeded $42 billion. The Bitcoin spot ETF is seeing explosive inflows! BlackRock's IBIT saw $872 million in inflow in a single day, setting a new historical high. Ethena launches new "stablecoin UStb" to earn U.S. Treasury yields from BlackRock's BUIDL fund, ENA jumps 20%. "BlackRock releases 3-minute Bitcoin educational video: BTC is no longer a radical idea, has become an emerging global currency alternative." This article was first published in BlockTempo, the most influential blockchain news media.