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Blackrock’s Head of Crypto Sees Bitcoin as ‘Risk Off’ Asset Despite Stock Correlation

Blackrock’s Head of Crypto Sees Bitcoin as ‘Risk Off’ Asset Despite Stock CorrelationBlackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to its decentralized structure and limited supply as crucial factors setting it apart. Blackrock’s increasing engagement with bitcoin is also reflected in the strong performance of […]

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QCP Capital: Bitcoin Bounces Back Above $60K as Ethereum Struggles

QCP Capital: Bitcoin Bounces Back Above K as Ethereum StrugglesQCP Capital reports that bitcoin (BTC) has shown a strong recovery this week, stabilizing above the $60,000 range after a sharp drop below $50,000 on Monday. In contrast, the firm highlights a significant liquidity shift in ethereum (ETH), raising concerns about its current market standing. QCP Capital Reports Bitcoin’s Resilience Amid Volatility; Ethereum Faces Liquidity […]

Voting Starts for the ftNFT YoCerebrum Awards 2024

Blackrock Warns of Rising Crypto Investment Scams

Blackrock Warns of Rising Crypto Investment ScamsBlackrock, the world’s largest asset manager with $10.5 trillion in assets under management, has warned about cryptocurrency scams. The firm urged caution when dealing with individuals, websites, or social media platforms using its brand to offer training or investments. Blackrock noted a spike in scams directing users to crypto investment-related websites or platforms like Whatsapp […]

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Hong Kong legislator eyes Bitcoin for fiscal reserves

By engaging with stakeholders and focusing on compliance, Johnny Ng aims to position Hong Kong as a leader in adopting Bitcoin and Web3 technologies.

Hong Kong Legislative Council Member Johnny Ng has announced plans to collaborate with various stakeholders to assess the feasibility and potential benefits of incorporating Bitcoin into the special administrative region’s financial reserves.

In a recent post on X, Ng emphasized the increasing global recognition of Bitcoin (BTC), often dubbed “digital gold” due to its perceived value and potential as a hedge against inflation.

He highlighted the importance of considering Bitcoin in strategic fiscal reserves, suggesting that its inclusion could benefit Hong Kong’s economic framework under the right regulatory conditions.

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Voting Starts for the ftNFT YoCerebrum Awards 2024

Direct client demand driving growth in BlackRock’s Bitcoin ETF so far

BlackRock head of digital assets Robert Mitchnick talked ETFs with Bloomberg’s James Seyffart at Bitcoin 2024.

Client demand was the driving force behind Bitcoin exchange-traded fund (ETF) creation, and the funds are just beginning to pick up momentum, BlackRock head of digital assets Robert Mitchnick said at the Bitcoin2024 event. He was interviewed on stage by Bloomberg journalist James Seyffart.

BlackRock CEO Larry Fink was a vocal skeptic of cryptocurrency when Mitchnick was hired in 2018. Fink was subsequently “orange-pilled,” pivoting to call Bitcoin “digital gold” in a recent interview.

Mitchnick credited Fink himself for the change of heart. “Larry deserves a lot of credit for the time that he spent studying the space,” Mitchnick said. He added:

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Voting Starts for the ftNFT YoCerebrum Awards 2024

Bitwise CEO: Bitcoin Should Move on From ‘Digital Gold’ Narrative as It Reaches Mainstream Adoption

Bitwise CEO: Bitcoin Should Move on From ‘Digital Gold’ Narrative as It Reaches Mainstream AdoptionHunter Horsley, co-founder and CEO of Bitwise, a San Francisco-based cryptocurrency asset management firm, declared that the “digital gold” narrative limits bitcoin’s reach as an investment asset. Horsely stated that, while the “digital gold” representation has been helpful for bitcoin, it has many qualities that put it over gold and it is time to “graduate” […]

Voting Starts for the ftNFT YoCerebrum Awards 2024

World’s Largest Bank ICBC Sees Bitcoin as Digital Gold — Calls Ethereum ‘Digital Oil’

World’s Largest Bank ICBC Sees Bitcoin as Digital Gold — Calls Ethereum ‘Digital Oil’The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their contributions to technological advancements. ICBC Sees Bitcoin as Digital Gold, Ethereum as […]

Voting Starts for the ftNFT YoCerebrum Awards 2024

Medical Tech Firm Semler Scientific Invests in Bitcoin, Acquires 581 BTC

Medical Tech Firm Semler Scientific Invests in Bitcoin, Acquires 581 BTCOn Tuesday, the publicly traded medical technology firm Semler Scientific announced its decision to allocate bitcoin to its treasury. The company disclosed that it had acquired 581 bitcoins for a total of $40 million. Semler Scientific Embraces Bitcoin Joining the trend initiated by Microstrategy in 2020, another company has reportedly begun holding bitcoin on its […]

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‘Big Short’ Investor Calls Crypto One of the ‘Great Themes of Our Time,’ But He’s Not a Believer

‘Big Short’ Investor Calls Crypto One of the ‘Great Themes of Our Time,’ But He’s Not a BelieverIn a recent interview on Bloomberg Television, Steve Eisman of Neuberger Berman, who gained prominence from “The Big Short,” shared insights on the impending U.S. election and his investment strategies. Eisman identified three significant current themes, including cryptocurrency, about which he expressed skepticism. Steve Eisman’s Take: Trump’s Re-Election and the So-Called Crypto Conundrum Steve Eisman, […]

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Bitcoin (BTC) Will Shatter Both Silver and Gold’s Market Cap, According to Crypto Analyst – Here’s His Timeline

Bitcoin (BTC) Will Shatter Both Silver and Gold’s Market Cap, According to Crypto Analyst – Here’s His Timeline

A popular crypto analyst says that Bitcoin (BTC) will soon unseat gold and silver as the world’s leading safe haven assets. In a new video, the anonymous host of the YouTube channel InvestAnswers tells his 447,000 subscribers that the price of Bitcoin cannot be easily manipulated unlike those of the precious metals. “People have been […]

The post Bitcoin (BTC) Will Shatter Both Silver and Gold’s Market Cap, According to Crypto Analyst – Here’s His Timeline appeared first on The Daily Hodl.

Voting Starts for the ftNFT YoCerebrum Awards 2024