Summary
- BlackRock assessed that Bitcoin is emerging as an alternative to global currencies, according to reports.
- BlackRock's Head of Digital Assets stated that institutional adoption of Bitcoin has increased but is not yet reflected in the price.
- Bitcoin's evaluation as a global currency alternative and increased institutional adoption may lead to long-term investment opportunities.
Crypto asset (cryptocurrency) specialized media WatcherGuru reported on the 19th (local time) via X (formerly Twitter) that "the world's largest asset management company BlackRock has assessed that Bitcoin (BTC) is emerging as an alternative to global currencies."
Previously, BlackRock's Head of Digital Assets, Robert Mitchnick, had stated that "institutional adoption of Bitcoin has increased, but it is still not reflected in the price."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
