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BlackRock, JPMorgan crypto bull run could push bitcoin price to $200,000
A blockchain-based union between two of the world’s largest financial institutions — BlackRock, which has $8.5 trillion in assets under management and JPMorgan, which manages $3.8 trillion — is fueling predictions that these legacy leaders will drive the next crypto bull run. As Forbes recently reported, BlackRock became the first Wall Street giant to leverage JPMorgan’s new blockchain collateral system. And this exploration comes in addition to BlackRock’s interest in offering a spot bitcoin exchange-traded fund (ETF) and JPMorgan’s bullish outlook on the near future of bitcoin mining. “Forbes is ... (full story)