Lucia
Fri Jul 19 2024
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6 answers
1193
Will Blackrock's recommended BTC allocation increase the value of bitcoin?
Given BlackRock's significant influence in the financial industry, will their recent recommendation to allocate a portion of portfolios to Bitcoin (BTC) have a significant impact on the value of bitcoin? Will investors who previously overlooked cryptocurrencies due to the perceived risks or lack of regulation now reconsider their positions? How will the introduction of such a major institution into the crypto market affect liquidity, volatility, and ultimately, the price of bitcoin? Will this be a long-term trend that continues to drive up the value of bitcoin, or is it merely a short-term bump?
