BlackRock, investment giant, would be investigating Bitcoin to determine if the company should invest in Bitcoin futures. According to numerous reports, this company would have handled approximately 6,317 trillion dollars in assets on behalf of its investors throughout the world.
This company offers investment services for Wall Street institutions, individual investors and foundations. One of its main businesses is to serve professionals - like doctors, lawyers and teachers - to multiply their capitals.
According to a Financial News report, BlackRock has established a working group that is currently exploring how to best take advantage of the cryptocurrency revolution.
Many analysts and Bitcoin enthusiasts, such as TenX co-founder Julian Hosp and BitMEX CEO Arthur Hayes, believe that the next Bitcoin rally will be catapulted by a significant event, such as an investment giant like BlackRock getting on the train or launching of the Bitcoin ETF.
Being considered as one of the most prestigious investor firms in the world and with trillions of dollars in assets, BlakcRock's foray into the world of cryptocurrencies could be a turning point in terms of the legitimization of digital assets as a source of income. investment.
Also, this company is one of the banking elites that has maintained a very critical stance against Bitcoin, as would JP Morgan; who has not paid attention to comment that the investments in Bitcoin are "stupid" or an "instrument for money laundering".