BlackRock Nears Bitcoin Dominance: Could It Surpass Satoshi Soon?
- BlackRock moves closer to surpassing Satoshi Nakamoto as the world’s largest Bitcoin holder.
- Bitcoin’s price surge boosts investor confidence, driving record inflows into Bitcoin ETFs.
- Institutional demand for BTC grows as BlackRock and Fidelity record substantial ETF inflows.
BlackRock is about to take the top spot as the biggest holder of Bitcoin, now holding 57% of the Satoshi Nakamoto holdings. If the price of Bitcoin rises to $150,000 in the following months, the firm could amass more coins than those held by Nakamoto. Eric Balchunas predicts that BlackRock will accomplish this by next summer, which could encourage a rush among advisors.
Spot Bitcoin ETFs See Massive Inflows
A record net inflow was seen in U.S.-listed spot Bitcoin ETFs yesterday, totaling $667.44 million since May…
The post BlackRock Nears Bitcoin Dominance: Could It Surpass Satoshi Soon? appeared first on Coin Edition.
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BlackRock Nears Bitcoin Dominance: Could It Surpass Satoshi Soon?
- BlackRock moves closer to surpassing Satoshi Nakamoto as the world’s largest Bitcoin holder.
- Bitcoin’s price surge boosts investor confidence, driving record inflows into Bitcoin ETFs.
- Institutional demand for BTC grows as BlackRock and Fidelity record substantial ETF inflows.
BlackRock is about to take the top spot as the biggest holder of Bitcoin, now holding 57% of the Satoshi Nakamoto holdings. If the price of Bitcoin rises to $150,000 in the following months, the firm could amass more coins than those held by Nakamoto. Eric Balchunas predicts that BlackRock will accomplish this by next summer, which could encourage a rush among advisors.
Spot Bitcoin ETFs See Massive Inflows
A record net inflow was seen in U.S.-listed spot Bitcoin ETFs yesterday, totaling $667.44 million since May…
The post BlackRock Nears Bitcoin Dominance: Could It Surpass Satoshi Soon? appeared first on Coin Edition.
Read More
Bitcoin Breaks $107,000 — Examining What That Means for Altcoins