๐ฅ Urgent: BlackRock is now the largest custodian of Bitcoin, surpassing exchanges, according to CryptoQuant!
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๐ข What's new?
* Data from the analytics firm CryptoQuant shows that BlackRock, through its IBIT fund, has become the largest custodian of Bitcoin in the world.
* The company has surpassed major exchanges in terms of the amount of Bitcoin it holds.
* BlackRock owns over 746,000 Bitcoins in its IBIT fund.
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๐ก Why is this important?
* This achievement is a milestone in the adoption of Bitcoin by traditional institutions.
* This enhances BlackRock's position as a dominant force in the Bitcoin market.
* These figures show that institutional demand for Bitcoin is increasing tremendously, reducing the available supply in the market.
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๐ Future outlook:
* If this trend continues, Bitcoin could become a core asset in traditional investment portfolios.
* This move could encourage more institutions to enter the crypto world.
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โDo you think this achievement will enhance Bitcoin's status as a safe investment asset?
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