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The Legitimacy of Bitcoin Has Never Been More Unquestionable
The recent support from the world’s largest asset manager, BlackRock, has significantly contributed to strengthening the legitimacy of bitcoin in the financial sector and beyond. Not only does BlackRock speak about bitcoin, but it also actively supports it by offering a bitcoin-based exchange-traded fund (ETF) that has achieved significant success.
Moreover, BlackRock’s positive communication about bitcoin has sparked interest among high-net-worth and professional investors, who are typically quick to respond to cues from influential market players. This strategic move not only elevates the status of bitcoin within the traditional financial world but also facilitates a broader acceptance of cryptocurrencies.
As elite financial institutions continue to show their confidence in bitcoin, it becomes increasingly attractive to individual investors as well. They will eventually follow the trend, and the demand for this digital currency will surge.
Source: www.bitcoinbazis.hu
