BlackRock’s significant recommendations: BlackRock, managing 11.5 trillion USD, suggests a 1-2% Bitcoin allocation. This recommendation signals a notable institutional endorsement of Bitcoin as a diversifying asset, enhancing engagement and potentially stabilizing prices.
Market Enthusiasm for Bitcoin: Bitcoin recently peaked at 102,528 USD, driven by positive market sentiment and upcoming U.S. Interest rate cuts. With over 35 billion USD inflows into BlackRock’s ETF, confidence in Bitcoin’s future remains strong.
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