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Futures Laraxen
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YOUR FINANCIAL ADVISOR. 💁♀️
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BlackRock predicts a historic year for Bitcoin and cryptocurrencies Thinking that crypto regulations will relax with Trump's re-election, BlackRock executive Samara Cohen says that Bitcoin and cryptocurrencies are preparing for another “historic year”. According to Cohen, although high volatility is inevitable, the factor that will determine the BTC price in the long run will be the speed of adoption. The head of the ETF unit of BlackRock, the world's largest asset management company with $11.6 trillion in assets under its management, predicts that Bitcoin will rise further with the election of Donald Trump as president. According to Samara Cohen, the firm's chief investment officer responsible for ETFs and index instruments, the relaxation of cryptocurrency regulations will “definitely” take Bitcoin to another historic year. Speaking to CNBC's "ETF Edge" program, Cohen said, "FIT21 (21. Progress will be made on the Financial Innovation and Technology Law for the 21st Century). There will be progress in stable coins. Important steps will also be taken regarding classification and definitions," he said. Despite this, Cohen emphasizes that cryptocurrency investors must have a solid nervous system. “Bitcoin is a risky asset. Therefore, a move of 15 percent is not very large in the context of Bitcoin. Investors should be prepared for volatilities," Cohen said, "In the long run, the factor that will determine the price of Bitcoin will be its adoption rate and speed." One of the important agendas of this week was BlackRock's 2024 fourth quarter balance sheet. The company's financial figures exceeded analysts' expectations, and this allowed BlackRock shares to rise. On the other hand, the company announced that the value of the assets in its management reached 11.6 trillion dollars. This was recorded as a new record for BlackRock.
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AFTER XRP, THE MARKET IS NOW BEING DESTROYED BY $TRUMP . 😤
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💰 #Bitcoin hits $104,000 as there's only 3 days left until the first Bitcoin President of the USA takes office 🇺🇸 Up only 🚀
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