World’s largest asset manager BlackRock holds $24 billion in Bitcoin

https://finbold.com/worlds-largest-asset-manager-blackrock-holds-24-billion-in-bitcoin/

7 Comments

  1. going from btc naysayers to holding $24 billion worth of btc, they must have lied about their earlier dislike for btc.

  2. tldr; BlackRock, the world’s largest asset manager, now holds $24 billion in Bitcoin, marking a significant shift in institutional acceptance of the cryptocurrency. CEO Larry Fink, who once doubted Bitcoin, now views it as a distinct asset class comparable to gold. BlackRock’s spot Bitcoin ETF has reached $1.65 billion in 24-hour trading volume, highlighting growing demand. Fink envisions Bitcoin becoming as integral to the financial system as the U.S. housing market, signaling a major change in the financial landscape.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.