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BlackRock Resumes Bitcoin (BTC) Buying with Fresh $25 Million Check
In a significant development, it has been reported that BlackRock, one of the world’s largest asset managers, has resumed buying Bitcoin (BTC) after pausing its investments last year. This fresh influx of capital is substantial, standing at an impressive $25 million.
This move comes amidst a backdrop of increasingly bullish market sentiment. While there are still some concerns about the potential impact of higher interest rates on the cryptocurrency space, many experts believe that the current setup leans toward the upside.
One factor to consider is the recent surge in inflation expectations, which has led to a significant increase in Bitcoin’s price. The asset has broken through the $85,000 mark, a level previously thought to be unattainable. It’s not hard to see why investors are becoming more optimistic about the potential for further gains.
Another important factor is Mike Saylor’s massive $21 billion offering, which could have significant implications if successful. When markets stop fearing and start moving, they tend to move fast. As it stands, many analysts believe that this is precisely what we’re seeing – a turning point in market sentiment.
While there are certainly risks involved, especially with the potential for even small signs of progress on the trade front sparking a painful dip, most experts seem to be leaning toward the optimistic view.
Source: https://u.today/blackrock-resumes-bitcoin-btc-buying-with-fresh-25-million-check
