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BlackRock Resumes Bitcoin (BTC) Buying with Fresh $25 Million Check
In a significant move that has sent shockwaves through the cryptocurrency markets, BlackRock has announced that it will resume buying Bitcoin, but this time with an even larger investment of $25 million. The news comes as a surprise to many investors and analysts alike, as it had previously halted its buying activities in the wake of recent market volatility.
According to sources close to the matter, BlackRock’s decision is a result of their newfound optimism regarding the asset class as a whole. They are convinced that the fundamental drivers of Bitcoin’s value have not changed and are still intact, making them a lucrative investment opportunity.
One thing that has undoubtedly contributed to this change in stance is Michael Saylor, the CEO of MicroStrategy. His massive $21 billion bond offering has shown that there is still strong interest in the asset class from institutional investors.
It’s true that even small signs of progress on the trade front could spark a painful dip, potentially by $5,000 or more. However, experts believe that the overall setup leans towards an upside trajectory.
As Bitcoin continues to make strides and break through new highs, many are left wondering what lies ahead for the cryptocurrency market.
Source: https://u.today/blackrock-resumes-bitcoin-btc-buying-with-fresh-25-million-check
