Bitcoin price recovers after BlackRock support
On Thursday, May 2, it became known that BlackRock management decided to take part in the development of the cryptocurrency market. This company is one of the largest investment firms in the world. It manages over 1,000 different funds, and their total amount exceeds $6.3 trillion. This suggests that BlackRock is a truly major player and its influence can raise the value of Bitcoin.
This platform helps you understand Bitcoin trading and make money from training. The company’s participation will be related to the training of market participants. This was announced by Robert Mitchnick, head of the organization’s digital assets department. He rightly believes that potential investors will be more interested in coins if they receive accessible and up-to-date data about them.
This kind of awareness will lead to increased demand. This means that traders and investors will increasingly turn to various financial instruments. It is likely that such buyers will eventually include sovereign wealth funds and pension funds. Most likely, they will even come to the decision to launch their own BTC-ETFs.
