BlackRock's sudden 'ultra-rare' statement! Bitcoin plummets to 96,000, former largest cryptocurrency exchange dumps.
On Friday (December 20), Bitcoin plummeted to $96,000 before rebounding, with shorts briefly gaining control. BlackRock, which manages $10 trillion in assets, rarely issued a disclaimer stating that it cannot guarantee Bitcoin's total supply remains at 21 million, sparking controversy in the community. Following the Fed's interest rate cut meeting that released hawkish signals, the former largest cryptocurrency exchange Mt. Gox dumped $102.5 million worth of Bitcoin.
BlackRock: Cannot guarantee that Bitcoin's total supply of 21 million remains unchanged. CoinTelegraph noted that after BlackRock released a 3-minute video explaining Bitcoin and added a disclaimer stating that it cannot guarantee Bitcoin's supply cap of 21 million will not change, the debate about whether Bitcoin's total supply limit is truly fixed resurfaced.
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