Today, at the opening of Wall Street Bitcoin (BTC) continued towards $ 25,000, following the launch of the BTC product offered by the largest asset manager in the world.
Silbert su BlackRock: “Arriva Wall Street”
While consolidating slightly below the highs, the pair inspires confidence in market sentiment, with popular figures in the crypto sector already looking forward to positive implications following BlackRock’s entry.
“Arriva Wall Street…”says the former CEO of Grayscale, Barry Silbert.
For Blockware lead analyst William Clemente, the news is a epochal event in the history of Bitcoin.
“Last comment on the matter: I think the Blackrock news is probably the most bullish ever for a long-term Bitcoin holder”he told his followers on Twitter.
“Not just the news itself, but the fact that it signals to some that the market is optimal and to others that if they don’t start offering BTC to their customers they will lose a lot of money.”
Just five years earlier, BlackRock CEO Larry Fink had described Bitcoin as a “money laundering index”. Around 2020 he changed his mind, recognizing the potential of the largest cryptocurrency to become a “global market”.
BlackRock’s product will take the form of a private spot Bitcoin fund, he confirmed in a press release.
“The trust is available to US institutional clients and aims to track Bitcoin’s performance, net of the trust’s expenses and liabilities.”it is read.
“Despite the sharp downturn in the digital asset market, we are still seeing significant interest from some institutional clients in how to efficiently and cost-effectively access these assets using our technology and product capabilities.”
As reported by Cointelegraphthe company’s first Bitcoin approach took place this month, thanks to a partnership con l’exchange statunitense Coinbase.
The June futures gap comes into play
As for the potential short-term price targets, the mood of commentators was therefore flexible, albeit not entirely bullish.
Related: Amid “the hated stock rally”, Bitcoin struggles against resistance bimonthly
For the on-chain monitoring asset Whalemap, the potential ups and downs remain sizeable, with the $ 20,000 far from sure.
“The Whalemap team revealed that Bitcoin is exiting an ascending triangle with low volatility, which means we should expect a big move very soon.”they suggest sharing a chart with relevant levels.
“Maintaining the breakout is the number one priority, while the realistic goals would be $ 27,000-29,000 upwards, or $ 19,000 in the opposite direction, should it fail.”
The popular Twitter account Altcoin Bets has added that “As long as we stay above $ 24,000 on a daily basis, we should reach the $ 28,000 gap on the CME”referring to the gap in CME’s Bitcoin futures chart, which it often acts as a magnet for spot prices.
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