Blackrock CEO Larry Fink Renewed their support for Bitcoin, calling the cryptocurrency an “international asset”. The manager and therefore also the world’s largest asset manager wants to continue to support Bitcoin in the future and make the purchase easier.
Of course, this is not only good news for Bitcoin if the world’s largest wealth manager positive about Bitcoin, but also for other promising cryptocurrencies.
Buying Bitcoin can be worthwhile again in the future. At eToro, for example, the experience with this is very good.
US financial giants are increasingly involved in cryptocurrencies
In the last few weeks there have been various reports that major financial companies around the world are looking to go deeper into cryptocurrencies. In addition to Blackrock, Citadel, Fidelity, Schwab and other major companies are very interested in Bitcoin and Co.
It is particularly interesting in this context that Blackrock has announced that it will launch its own public Bitcoin ETF. Of course, Bitcoin and new cryptocurrencies benefit greatly from this.
BlackRock asset manager files for bitcoin ETF https://t.co/PfTzS7RRd9 pic.twitter.com/3W0i8YLk6T
— Reuters (@Reuters) June 16, 2023
In addition to the large inflow of funds, cryptocurrencies are better known and investors who are not yet keen on buying Bitcoin can also join.
Buying cryptocurrencies can be more complicated than investing in an ETF. Because of this, expect more investors to invest in Bitcoin in the future, not just Blackrock customers.
— Bitcoin Magazine (@BitcoinMagazine) June 15, 2023
10,000 billion US dollars behind Bitcoin and Co.
Black Rock manages a portfolio of approx $10 trillion, ie 10 trillion(!) US dollars. The US asset manager has been investing money in Bitcoin for some time, currently only for a few customers. Buying Bitcoin with an ETF is much easier.
The nomination is on the fund iShares Bitcoin Trust and will have Coinbase Custody hung up. Blackrock has filed this information with the US Securities and Exchange Commission (SEC) to approve the fund.
BlackRock is looking to acquire the first spot Bitcoin ETF launched in the US https://t.co/sOahJ8bpUE
— Bloomberg Crypto (@crypto) June 16, 2023
When a financial giant like Blackrock enters the crypto market extensively, it is also very positive for Coin Mail. Other major cryptocurrencies also benefit from it, for example Ethereum.
New crypto exchange from Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp
In this context it is also interesting that Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp founded the new crypto exchange EDX-Markets. Cryptocurrencies are the focus of the crypto exchange Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
A new crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets and Schwab said it has gone live, a move that could reshape the digital asset landscape https://t.co/uOXOBO35ct
— Bloomberg Crypto (@crypto) June 21, 2023
Blackrock wants to make cryptocurrency trading cheaper
With the actions it takes, the Black Rock is trying to get more people to invest in cryptocurrencies. Currently this is not only complicated, but also very expensive. This is often a problem when buying Altcoins.
in Fox Business interview Fink says, “We hope our regulators will look at these filings as a way to democratize cryptocurrency.” So the Black Rock is pushing the SEC to approve the filing, the iShares Bitcoin Trust to approve.
Once the fund is approved, cryptocurrency prices are likely to increase. So it pays to get into cryptocurrencies early. Above all new cryptocurrencies one motion in this regard great opportunity for rising prices.
So it makes sense to keep your eyes open and look around for worthwhile cryptocurrencies that can explode in 2023. An important trend in this area is, for example, new crypto currencies from the AI area, yPredict is such a project.
1/ Which search term is more popular: ‘Crypto Jobs’ or ‘AI Jobs’?
Our study indicates that search interest in ‘AI jobs’ peaked 4 times higher than ‘crypto jobs’ as more industries and job seekers shift focus to the AI sector.
Read the full study here: https://t.co/30Jz3mFlg8 pic.twitter.com/6e2I2gVkVd
— CoinGecko (@coingecko) July 5, 2023
New cryptocurrency offers opportunities for more returns through AI technologies
yPredict is a new cryptocurrency that helps predict cryptocurrency prices using AI and machine learning technologies. Professional investors will hardly be able to avoid such technologies in the future.
With yPredict, investors can use a central platform to Analyzing cryptocurrency prices with AI technologies.
When using yPredict, investors use AI-powered signals. The project connects the AI to the Bockchain and uses AI works for the best investment in cryptocurrencies.
The platform recognizes patterns and can inform investors about what cryptocurrencies and coin launches are likely to do in the future. As Blackrock and other investment giants enter the market even more comprehensively, such solutions provide added value.
The presale is still going on right now, so it’s definitely worth getting started with the new cryptocurrency.
Cryptocurrency with potential 2023
Cryptocurrencies are a highly volatile, unregulated investment product. Your capital is at risk.