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BlackRock CEO calls Bitcoin stronger after leverage reset
BlackRock CEO Larry Fink believes the Bitcoin (BTC) and crypto market is in a strong position following the unwinding of excessive leverage. The CEO of the world’s largest asset manager also expressed optimism about traditional financial markets, expecting technological transformation to provide tailwinds over the next twelve months. During an interview with CNBC’s “Squawk on the Street” on July 15, Fink was asked about the potential risks posed by leveraged speculation in the Bitcoin and crypto markets. While he considers leverage in the current financial system to be significantly lower than it was before ... (full story)
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From financefeeds.com | 21 hr ago
BlackRock’s digital asset business contracted sharply over the past year even as investors continued to allocate money to its crypto products, showing how heavily the asset manager’s crypto franchise remains tied to bitcoin and ether prices. The firm reported $48.8 billion in digital asset products at the end of the second quarter, down from $79.6 billion a ...
From etftrends.com | 7 hr ago
This weekly update tracks some of the largest cryptocurrencies by market share: Bitcoin and Ether. While both are considered high-risk assets, they possess foundational differences that investors should understand. We have also included XRP, as it was one of the largest cryptocurrencies when this series began. By definition, a cryptocurrency is a digital ...
