It would be unthinkable to miss this type of comments that are circulating, when we begin to listen and read about announcements of the possible undertaking of BlackRock in the world of cryptocurrencies. Let's remember several things to put ourselves in context. Years ago it was unthinkable to put words like crypto and BlackRock together, they were practically antonyms for the same market, but as the protagonist says, things evolve and those changes surprise more than one.
Recall that BlackRock is the largest asset manager in the world, with a net investment of $ 7.8 trillion under management, and under its tutelage there is already the possibility of having an investment scheme in Bitcoin derivatives (BTC), something that would currently be evaluating the US Securities and Exchange Commission (SEC), a very good assignment for the new pro-crypto head of this body. But beyond a promising news, we must understand that all these actors marked a pratically macabre position about everything that would be derived from cryptography.
Now we see how Bitcoin begins to be worth and seem much more interesting as an asset, not as a refuge but as a concept, something totally new, with an intact valuation that can be explored now that its expansion has begun to detach from many consolidations in price.
BlackRock confides that it has a clear perspective of a great volatility that cryptocurrencies present and that risks are associated with it, but now it understands that there is talk of an element that will become a strong competitor to gold, despite some who do not trust it. crypto, not because of what it represents but because of what they don't control.
In other articles I have been firm with the growth of Bitcoin, now more than ever a consolidation process begins that will take a while before starting again on a path of new horizons that will mark a history of historical highs. We are in a timeline that will leave no doubt as to how cryptographic thinking will evolve hand in hand with Bitcoin.
The words of the CEO of BlackRock, Larry Fink, are precise, the Bitcoin could "evolve towards an asset of the global market", an appreciation that goes beyond the words of institutional representatives such as Central Banks. Certainly a break is beginning to be distinguished that will soon become a crack in the system that we understand as unique, but that is undoubtedly very far from being able to solve the already evolved debt that marks an era of misery and inequality.
For now, we must understand that this stock participation does not reflect all the potential that Bitcoin represents, but it helps in that compression and in that search for confidence that is needed to further massify a cryptocurrency that is here to stay.
At the bottom of this article I leave a link that caught my attention and led me to issue an opinion on this news in development. It is likely that a huge difference is already being made between what is published and what the report and response by the SEC represents. This information is of great use to all of us as agents of change.
https://blockworks.co/blackrock-eyeing-cash-settled-bitcoin-futures-trading/
I have learned that everything that discredits the cryptographic world is positive, this type of event is an impulse for many entrepreneurs who have seen this universe a unique possibility, something that the fiat world denied them and that is why they cannot get carried away by any CEO or representative who talks crazy about something that he does not master and that fears due to ignorance and evolution.
This information is proprietary content and there is no space in this text for plagiarism. You can also see this article on my Publish0x blog under the following link.
https://www.publish0x.com/cryptographic-alchemy/towards-a-global-market-asset-xdndwoq
