⚡️ Surprise statement from BlackRock: "Bitcoin has a higher chance of rising than gold, and lower risks of falling." — Robert Michni, Digital Asset Manager at BlackRock ━━━━━━━━━━━━━━━ Details of the statement: ▪️ Robert Michni stated that Bitcoin is starting to establish itself as an institutional financial asset. ▪️ He believes that gold has settled in its place, while Bitcoin is still in its early stages in terms of adoption and future opportunities. ▪️ He added that Bitcoin offers a clear advantage in liquidity and ease of storage compared to gold.
Why is this statement important? ▪️ BlackRock is one of the largest asset managers in the world, and its statements send strong signals to institutional investors. ▪️ This enhances confidence in Bitcoin as a long-term investment asset, and may drive more flows towards its ETF funds.
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