🚨 Recent Update 🚨📢:-
Bitcoin Price Prediction 📈📊 as BTC Falls to Lowest Level in 2024 – Where is the Next Support?
Bitcoin price has experienced a notable decline, trading at $42,825 with a sharp decrease of nearly 7% on Saturday, marking its lowest level in 2024. This downturn comes amidst growing skepticism from Bitcoin’s leadership about its acceptance as a mainstream form of money. 🤑💲
Concurrently, the cryptocurrency landscape is witnessing a competitive battle among issuers of spot bitcoin Exchange-Traded Funds (ETFs), primarily centered around fee structures. Notably, Bitwise has emerged as a leader in Bitcoin ETF flows on the first day, signaling a shifting dynamic in the market.
This recent price dip raises crucial questions about Bitcoin’s next support level and the potential pathways for its recovery.
Bitcoin’s Leadership Expresses Doubts Over Its Future as Currency:
BlackRock CEO Larry Fink, while acknowledging Bitcoin’s value as an asset class, expressed skepticism about its viability as a regular transactional currency. In a recent interview, Fink stated, “I don’t believe it’s ever going to be a currency,” viewing Bitcoin more as an alternative for wealth storage rather than a replacement for national currencies.
Eleanor Terrett
He also emphasized the likely emergence and future use of central bank digital currencies (CBDCs). Downplaying the importance of Bitcoin price forecasts, Fink admitted not giving them much thought.
NEW: Larry Fink tells us it was 3 years ago that he came around to a more positive way of thinking about #Bitcoin. Here are the full quotes from @FoxBusiness's interview with the head of the world's largest asset manager:
"I did believe, and this is Gary's position, that… https://t.co/H85o34mlwO
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