Blackrock Bitcoin. Among the many reasons surely there is the fact that revenues from bitcoin mining have grown significantly in the last three. The chief executive officer of the worlds largest asset manager Blackrock says he is more on the Jamie Dimon camp when asked whether he thinks bitcoin is worthless.
On February 19 2021 the total market value of Bitcoin crossed the long-awaited 1 trillion mark putting another massive feather in its cap. I wouldnt put a number on the percentage allocation one should have depends on what. Blackrocks entry to Bitcoin paves the way for the asset to finally replace gold as the leading store of value across the globe.
A mandatory SEC filing dated June 30 2021 shows that Blackrock the worlds largest asset manager with 9 trillion in assets has taken significant stakes in two bitcoin miners 671 in.
On February 19 2021 the total market value of Bitcoin crossed the long-awaited 1 trillion mark putting another massive feather in its cap. BlackRock Inc the worlds largest asset manager is adding bitcoin futures as an eligible investment to two funds a company filing showed. As crypto boosts the firms revenues it has been looking elsewhere to pick up returns for investors with BlackRock ETFs trading large volumes of Bitcoin futures contracts. BlackRock the largest asset manager in the world held 108 million in CME Bitcoin futures in August according to a recent filing with the US.