US EditionBlackRock’s Fink Sees Case for Crypto, Gold as ‘Assets of Fear’
7 Articles
7 Articles
BlackRock’s Fink Sees Case for Crypto, Gold as ‘Assets of Fear’
BlackRock Inc.’s Chief Executive Officer Larry Fink said investors are flocking to alternative assets like precious metals and cryptocurrencies as they’ve grown increasingly worried about the growing piles of government debt around the world.
Read time approx.: 1 minutes, 46 secondsThe statements of the head of the financial giant are produced in the midst of the boom of the so-called “degradation bet”, which drives investors to sell sovereign debt and currencies like the dollar, yen and euro, to acquire gold, silver and cryptoactives. Larry Fink, executive director of BlackRock Inc., pointed out that investors are resorting to alternative assets such as precious metals and cryptocur…
BlackRock’s IBIT purchases $65M in Bitcoin
Institutional investments via BlackRock signal rising confidence in Bitcoin as traditional finance deepens its exposure to digital assets. Key Takeaways BlackRock clients invested $65million in Bitcoin in a single day. The purchases were made through BlackRock's spot Bitcoin ETF, iShares Bitcoin Trust (IBIT) BlackRock’s IBIT took in around $65 million in Bitcoin on Monday, marking another significant institutional investment in the leading cry…
Crypto Briefing
Bitcoin Ethereum NewsBlackRock's IBIT purchases $65M in Bitcoin
Institutional investments in Bitcoin by major asset managers like BlackRock may bolster confidence and drive future market growth. The post BlackRock’s IBIT purchases $65M in Bitcoin appeared first on Crypto Briefing.
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