The chairman of BlackRock, the world's largest fund manager, Larry Fink, is clear. Investing in cryptocurrencies is not a hedge against stock market declines, but it can bring diversification to portfolios and, in a long-term perspective, protect investors in scenarios of geopolitical instability and rising inflation.
We seem to have entered an era of de-globalisation and geopolitical bifurcation that has significantly strengthened the role of Bitcoin as a store of value.
Larry Fink's optimism on Bitcoin boosts the future of cryptocurrencies
Larry Fink, CEO of BlackRock, the world's largest asset management firm, has expressed optimism about Bitcoin's future. This bullish stance is based on the exponential growth of the cryptocurrency's value, along with the increased liquidity and transparency that its market is experiencing.
Furthermore, the president of BlackRock has stressed that his main concern is the indebtedness of countries, and of the US in particular, which could lead to problems in the medium term. If we look at the graph, we can see the current US debt and its projection.
This debt is Larry Fink's fear and cryptocurrencies, in particular Bitcoin, can act as a store of value for our investments.
El éxito del ETF de Bitcoin de BlackRock, IBIT, es un claro ejemplo del creciente interés en Bitcoin. Desde su lanzamiento el 11 de enero, IBIT ha experimentado un flujo de entrada sin precedentes, convirtiéndolo en el ETF de más rápido crecimiento en la historia. It is building a financial structure that has Wall Street's blessing. It has only just begun
Fink's statements and the success of IBIT are positive signs for Bitcoin's future. BlackRock's confidence in the cryptocurrency is likely to drive institutional adoption and foster market growth.
See the inflow of money into the cryptocurrency market according to Bank Of America.
The cryptocurrency market has a promising outlook for 2024 due to several catalysts, including the launch of the Bitcoin spot ETF.
Learn how to invest in digital assets with us.
Read the article in Spanish at ... https://www.estrategiasdeinversion.com/analisis/bolsa-y-mercados/informes/por-que-invertir-en-criptomonedas-el-presidente-n-702325