Behind all the news is BlackRock, the world's largest asset manager with more than $10 trillion.
And it is he who applies for registration of an ETF on #Bitcoin on the spot market
What does this mean? I'll explain now. #VitaXVT
This is incredibly bullish news for Bitcoin.
ETF or exchange traded fund
This allows investors to invest money in various assets without purchasing them directly, which is a very positive side to the adoption of investments.
A huge proportion of people do not invest in certain assets solely because the investment system is not the simplest. Many people do not understand what and how to do. Afraid.
When everything is done for the person and they talk about profit, the decision to invest will not take long to come
BlackRock's filing for a Bitcoin ETF signals the cryptocurrency's continued integration into the traditional financial system. What could push other investors even more
What’s also interesting is that other banks are starting to connect to cryptocurrency.
Standard Chartered Bank predicts that BTC will reach $100k in 2024.
BlackRock and Bank of America own large stakes in MicroStrategy
These banks buy MicroStrategy stock, and MicroStrategy is one of the largest holders of #BTC .
So while banks downplay BTC's credibility and disparage it as a fake economy, they are actually buying it in large quantities.
PERSONAL ADDENDUM:
As an investor with many years of experience, it is very interesting for me to observe how the modern world begins to relate and interact with cryptocurrency. Yes, not everything always goes smoothly, but when there is movement, it’s already great. More and more people are becoming aware of and becoming interested in cryptocurrency. By joining me, together we can stand at the origins of a completely new financial system.