Crypto Daily – BlackRock (NYSE:), the world’s largest asset manager with over $9 trillion in assets, is positioning as a key tool in navigating growing global financial instability.
Bitcoin as a “Global Monetary Alternative”
In its latest statements, BlackRock described Bitcoin as a “global monetary alternative,” emphasizing its potential role in the evolving financial landscape. As geopolitical tensions rise and trust in traditional institutions like governments, banks, and fiat currencies wanes, the company sees Bitcoin as a valuable hedge. According to BlackRock, the increasing uncertainty in global markets makes Bitcoin a strong candidate for protecting against financial turmoil.
BlackRock’s IBIT ETF’s Exemplary Performance
The company’s Bitcoin Exchange Traded Fund (ETF), known as the IBIT ETF, has been one of the top-performing crypto-based ETFs since its launch in January 2024.
Following the fund’s introduction, Bitcoin’s price surged,…
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