BlackRock Executive: "Bitcoin (BTC) Maintains Positive Momentum Despite Global Adversities"

JH Kim

Summary

Samara Cohen of BlackRock stated that Bitcoin (BTC) is maintaining a positive momentum despite recent global adversities.
The current moment is critical for BTC's performance, and despite market volatility, there was less capital outflow than expected.
With the buying trend among individual and institutional investors maintained, BTC's volatility has remained positive even during the stock market downturn.

Samara Cohen, Chief Investment Officer (CIO) of BlackRock ETF, appeared on the YouTube channel Empire on the 28th (local time) and stated, "Bitcoin (BTC) is maintaining a positive momentum even in the recent global environment, and BlackRock is optimistic about the tokenization sector."

She explained, "The current market is at a critical moment where the performance of BTC could be determined," adding, "Despite market volatility due to supply chain instability caused by recent international tensions, BlackRock's BTC spot Exchange Traded Fund (ETF) experienced less capital outflow than expected."

Furthermore, she added, "This is because the buying trend among individual and institutional investors has been maintained," and "BTC has not shown significant volatility even during the stock market downturn, maintaining its positive direction."

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