$27 trillion AUM is perched over Bitcoin and crypto: CoinShares CSO
The top eight financial institutions with an interest in Bitcoin and crypto have a whopping $27 trillion in combined assets under management. Go to Source Powered by WPeMatico
BlackRock
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‘The Great Accumulation’ of Bitcoin has begun, says Gemini’s Winklevoss
With spot Bitcoin ETFs filings helping boost the price of Bitcoin, some suggest the “window to front-run institutional demand is closing.” Go to Source Powered by WPeMatico
4 things that can spark the next Bitcoin bull cycle
Bitcoin is down 15% from its 2023-highs, but $40,000 may be closer than you think due to several important factors. Go to Source Powered by WPeMatico
Most ‘fear’ in 3 months as $26.4K becomes key — 5 things to know in Bitcoin this week
Bitcoin sentiment is clinging to any optimism it can get — just like BTC price performance — as a new week of volatility triggers begins. Go to Source Powered by WPeMatico
Grayscale Bitcoin Trust nears 2023 highs on BlackRock ETF filing as buyers step up
Institutional buying interest in GBTC accompanies hopes that BlackRock will secure the first U.S. Bitcoin spot ETF. Go to Source Powered by WPeMatico
Bitcoin price eases downside as traders demand $24.5K support holds
While little changed, BTC price monitors hope that a “cascade” to $23,000 can be avoided. Go to Source Powered by WPeMatico
BlackRock’s Bitcoin ETF ‘is the best thing to happen’ to BTC, or is it?
Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover. Go to Source Powered by WPeMatico
Warren Buffett was wrong about a ‘rat poison’ Bitcoin portfolio, data shows
Warren Buffett is not a big fan of Bitcoin and this position has cost his investment portfolio at least a 320,000% potential gain. Go to Source Powered by WPeMatico
Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023
Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that “we’re going to have a 4ish floor in inflation.” … Read more
World’s Largest Asset Manager Blackrock Predicts No Fed Rate Cuts This Year
The world’s largest asset manager, Blackrock, does not see the Federal Reserve cutting interest rates this year. “That’s the old playbook when central banks would rush to rescue the economy as recession hit. Now they’re causing the recession to fight sticky inflation – and that makes rate cuts unlikely, in our view,” said the firm’s … Read more
