BlackRock Maintains Bullish Outlook on Bitcoin Amidst Price Slowdown
BlackRock Maintains Bullish Outlook on Bitcoin Amidst Price Slowdown
Despite Bitcoin's recent struggle to maintain the $100,000 mark and renewed skepticism regarding institutional demand, BlackRock has reaffirmed its strong conviction in Bitcoin's long-term relevance. A new filing with the US Securities and Exchange Commission indicates the firm's bullish stance remains intact, viewing Bitcoin as a crucial asset for decades to come, irrespective of current market weakness.
Bitcoin’s recent struggle to hold the $100,000 level has revived familiar doubts about whether institutional demand is durable. However, in a new filing with the US Securities and Exchange Commission, BlackRock signals the opposite conclusion, saying its conviction in Bitcoin’s long-term relevance remains intact despite short-term market weakness. The firm frames Bitcoin as a decades-long […]
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