Bitcoin’s Quixotic Surge Expected as Institutions Flock to Revolutionary Investments
news
1 min read
Bitcoin (BTC) in ‘Make or Break’ Mode as BlackRock Buys Dip
The recent surge of institutions like BlackRock entering the cryptocurrency market has sent shockwaves throughout the industry, with many wondering what this means for the future of Bitcoin and other digital assets. In a surprising turn of events, it appears that institutional investors are not only buying into the hype but also actively participating in the space.
As reported by U.Today, institutions like BlackRock have been increasingly bullish on Bitcoin, with some even going so far as to suggest that it could potentially replace gold as a store of value. While this may be an oversimplification, it is undeniable that the tide has shifted and institutional investors are now actively participating in the market.
According to data from Eric Balchunas, institutions like BlackRock have been aggressively buying up Bitcoin at discounted prices, a move that could potentially have significant implications for the asset’s future trajectory.
Source: https://u.today/bitcoin-btc-in-make-or-break-mode-as-blackrock-buys-dip
