Reserve

Bitcoin ETF

Bitcoin

BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrock-expands-commitment-to-bitcoin-investment">BlackRock Expands Commitment to Bitcoin Investment</a><br></p>
<p style="text-align: justify"> BlackRock, the world’s largest asset manager, is considering expanding its <a href="https://en.bitcoinhaber.net/bitcoins-uncertain-path-etf-approval-hype-and-mining-optimism-amidst-price-volatility">Bitcoin</a> holdings, as revealed by Rick Rieder, the firm’s Chief Investment Officer. Rieder, who is responsible for global fixed income and the company’s global allocation strategy, disclosed that BlackRock’s current Bitcoin investment is minimal. However, this stance may change in line with the general public’s growing acceptance of the cryptocurrency. </p> 
<h2 id="projecting-cryptocurrency-growth">Projecting Cryptocurrency Growth</h2> 
<p style="text-align: justify"> Rieder foresees a potential surge in the value of cryptocurrencies, correlating with the increasing propensity for wider adoption. He is optimistic about the public’s growing ease with the cryptocurrency space, which could pave the way for Bitcoin to occupy a more significant share of asset allocations over time. Rieder highlighted the advent of various tools that enable more straightforward ownership and trading of Bitcoin, affirming the belief in its future growth. </p> 
<h2 id="bitcoin-as-a-wealth-reserve">Bitcoin as a Wealth Reserve</h2> 
<p style="text-align: justify"> In a separate development, BlackRock launched the iShares spot Bitcoin ETF last month, securing billions in Bitcoin to support the fund. CEO Larry Fink expressed his confidence in Bitcoin as a genuine store of value, akin to gold, especially during periods of geopolitical uncertainty. He emphasized Bitcoin’s role as an asset class rather than a currency, underlining the potential of blockchain technology to foster new cryptocurrency solutions. Fink compared Bitcoin to gold as a protective asset, noting that unlike gold, Bitcoin’s supply is nearing its maximum limit, adding to its preservation appeal. </p> 
<p style="text-align: justify"> This strategic move by BlackRock is indicative of the changing attitudes among institutional investors towards cryptocurrency as a viable component of their investment portfolios. The company’s actions may signal a more significant trend of traditional finance embracing digital assets. </p> 
<p style="text-align: justify"> As the cryptocurrency landscape matures, BlackRock’s increasing interest in Bitcoin represents a notable acknowledgment of the digital asset’s potential. The investment giant’s pivot towards Bitcoin could herald a new era for institutional investment in the cryptocurrency market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/blackrock-expands-commitment-to-bitcoin-investment">BlackRock Expands Commitment to Bitcoin Investment</a></h5>

BlackRock Expands Commitment to Bitcoin Investment

Table of Contents

BH NEWS

Other articles published on Feb 11, 2024

VTuber: Content Creation Using Virtual Avatars and Identities

Amazon Removes Books Containing False Information About King’s Cancer Diagnosis

MultiversX Price Defends Lows: A Sign of Bullish Trend for EGLD?

Low-Cap Altcoin Surges More Than 40% in 24 Hours Amid Efforts To Pivot to a Privacy-Centric Ether...

Why Arbitrum seems to be the most desired chain for DeFi

2024’s Boost for Crypto: Stimulus Packages Spark Optimism

Join our free newsletter for daily crypto updates!