Bitcoin Soars After BlackRock's White Paper

- Bitcoin surged nearly 6% after BlackRock released its white paper discussing the cryptocurrency's potential as a hedge against monetary and geopolitical risks.

- BlackRock described Bitcoin as a "unique diversifier" and isolated it from traditional economic threats.

- Bitcoin's value rose 5.7% to $62,600 after the report was released.

- Analysts predict Bitcoin could reach as high as $92,000 by October.