BlackRock, one of the biggest investment companies in the world, now owns about 2.77% of all Bitcoin that exists. They didn’t buy it directly; instead, people are investing in their Bitcoin ETF, a special kind of fund that lets investors buy Bitcoin without owning it themselves. Just this week, investors poured $1.2 billion into the fund, increasing the amount of Bitcoin BlackRock holds.
This shows that big financial players are taking Bitcoin more seriously, which could influence other big investors to jump in. If that happens, Bitcoin’s price and demand might go up. What do you think, is this good or bad for regular Bitcoin holders?
