In a shocking move, 😱🔥 BlackRock, the giant company, purchased the equivalent of 12.5 days of new Bitcoin supply in just one day! Here are the details:

💡Total purchases of U.S. Bitcoin ETFs: 4,520 Bitcoin ($425.5 million).

- BlackRock alone bought 5,640 Bitcoin ($531.2 million), which nearly consumes the entire daily supply!

- In contrast, other funds sold 1,121 Bitcoin ($105.7 million).

Why is this news big?

1. BlackRock shows strong confidence in Bitcoin, which may indicate the beginning of a major investment wave from institutions.

2. Demand has begun to outstrip supply, and if this buying pace continues, BlackRock alone could buy 15% of the annual new Bitcoin supply!

3. Impact on price: With Bitcoin scarcity (only 21 million pieces), this massive purchase could lead to a significant price increase soon.

Expert Predictions:

- Some analysts expect the price of Bitcoin to exceed $100,000 as large inflows continue.

- We may witness fierce competition among major institutions to acquire as much Bitcoin as possible before it becomes more scarce.

BlackRock is leading a strong buying wave, and this may just be the beginning! Stay tuned for developments to know where the Bitcoin market is headed next.

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