Larry Fink said Monday that a rally in bitcoin triggered by a fake news served as an example of the 'pent up interest in crypto.'
BlackRock CEO Larry Fink said Monday that a rally in the price of bitcoin triggered by a false news report about the approval of a spot ETF served as an example of the "pent up interest in crypto."
"Some of this rally is way beyond the rumor," Fink said in an interview on Fox Business. "I think the rally today is about a flight to quality, with all the issues around the Israeli war now, global terrorism. I think there's more people running into a flight to quality, whether that is in Treasuries, gold or crypto, depending on how you think of it. And I believe crypto will play that type of role, as a flight to quality.
While bitcoin declined from its daily peak after the false report was debunked, the world's biggest cryptocurrency by market capitalization held onto some gains, rising 4.8% over the past day to $28,505 at 4:44 p.m. ET, according to CoinGecko. It's up 7.4% over the past month, and a solid 47.4% over the past year amid excitement over the prospect of a spot ETF. Fink has in recent months become a proponent of bitcoin, repeatedly highlighting its role as a sort of "digitizing gold.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
BlackRock says application for spot bitcoin ETF is still under review by SECBlackRock said Monday that its application for a spot bitcoin ETF was still under review by the Securities and Exchange Commission.
Lire la suite »
Bitcoin (BTC) Collapses 8% as BlackRock Denies ETF Approval RumourBitcoin (BTC) took an 8% dive following a now-debunked report of the SEC approving BlackRock's iShares Bitcoin ETF
Lire la suite »
Bitcoin Spikes on False BlackRock Spot Bitcoin ETF Approval RumorNoelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.
Lire la suite »
Fake BlackRock ETF News Caused This Crypto Whale To Lose BigCrypto Blog
Lire la suite »
Slovakia's SMER party to sign agreement on forming new government on MondaySlovakia's former Prime Minister Robert Fico and his SMER-SSD party will sign a coalition agreement to form a new government with the centre-left HLAS and nationalist SNS parties on Monday, SMER said.
Lire la suite »
Monday’s Digital Daily: October 16, 2023Monday’s Digital Daily: October 16, 2023
Lire la suite »