Busy times have started again in cryptocurrencies and Bitcoin $67,945 seeking new heights. Rising as high as $68,870 BTC now supported by positive news. New news from both the Fed and BlackRock promises important steps in integrating crypto into traditional finance.
Fed and BlackRock
According to Bloomberg’s latest report, negotiations are being held with global stock exchanges so that the tokenized bond called BUILD can be used as collateral in futures transactions. So, in the near future, we may see striking headlines such as BlackRock has reached an agreement with such and such a stock exchange. Ethereum $2,631 for BUILD Every themed news is important because BlackRock’s tokenized bond was issued on the Ethereum network.
On the other hand, the statements of Fed officials also make an impact. At the time the article was being prepared, Waller mentioned that stablecoins could provide significant advantages in global payments and said;
“Stablecoins need controls to minimize risks. Stablecoins may have benefits for payment systems. “Decentralized financial technology can provide efficiency.”
These statements lay the groundwork for the future where cryptocurrencies can work in harmony with traditional finance. The fact that such voices are rising from the Biden administration, which is hostile to crypto, is extremely positive for crypto in the medium and long term.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.