Wall Street giant swallows 3.25% of Bitcoin! BlackRock loads $69.7 billion, countdown to a transformation in the crypto world?
New milestone for Bitcoin: BlackRock's ETF raises over $69.7 billion, truly explosive!
BlackRock, the world's largest asset management company, has recently made a big move: their Bitcoin spot ETF has skyrocketed to over $69.7 billion! What surprises me even more is that this accounts for 3.25% of Bitcoin's total supply. In simple terms, they have a substantial portion of all Bitcoin in their hands, as if playing a financial game.
This is no small matter. Just think about it, the total amount of Bitcoin is limited, and BlackRock has swallowed such a large piece of the pie, indicating that major institutions are indeed betting on Bitcoin. I find this shocking! This is not just about money; it injects a shot of adrenaline into the cryptocurrency market. Previously, Bitcoin was often seen as a minor player, but now that Wall Street giants are getting involved, it proves that Bitcoin is becoming a mainstream investment.
However, I also have some concerns that this centralization could allow a few players to control the market, and if something goes wrong one day, ordinary investors might suffer. In summary, this reflects the upward momentum of Bitcoin, but we need to view it rationally and not be swept away by this fervor.
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