The world's largest asset management company BlackRock is preparing to launch a trading product directly linked to Bitcoin in Europe, with plans to start marketing as early as this month. This is the first crypto-linked product launched outside North America.

• Background:

BlackRock CEO Larry Fink praised Bitcoin at the World Economic Forum in Davos as a hedge against the devaluation of other currencies.

BlackRock has already launched a Bitcoin ETF (IBIT) in the U.S. market, managing assets that exceed the total of over 50 European ETFs, confirming its benchmark status for investors seeking regulated Bitcoin exposure.

• Market Impact:

BlackRock's Bitcoin ETF (IBIT) accounts for nearly half of all assets invested in Bitcoin ETFs, reflecting the growing trust of institutions in the crypto industry.

BlackRock's actions indicate that the recognition of Bitcoin as a financial instrument is expanding globally and may become part of central bank reserve assets in various countries.

• Bitcoin's Market Position:

J.P. Morgan expects Bitcoin's market dominance to remain strong in 2025, currently accounting for about 55% of the total market capitalization of cryptocurrencies.

Bitcoin's price could reach between $150,000 and $180,000 by 2025, with the total market capitalization of altcoins expected to grow fivefold.

• Cryptocurrency Market:

ETH and SOL are expected to perform prominently in the first half of 2025, with significant growth in market capitalization.

The dominance of altcoins is projected to peak in 2025, followed by a potential decline, creating conditions for the outperformance of altcoins.