According to the new data of Blockchain Analytics Company Arkham, asset management giant Blackrock, Bitcoin last week $102,950.2has invested more than 1 billion dollars. This purchase allowed Blackrock to have 2.7 %of the total Bitcoin supply.
Blackrock’s Bitcoin portfolio
Blackrock is management more than $ 10 trillion and currently has 572.616 Bitcoin, which is currently 58.43 billion dollars. Ethereum worth $ 3.75 billion in the company’s crypto asset portfolio 
$3,195.6 and USDC worth $ 72.02 million. Of course, all of these assets are kept on behalf of customers, so Blackrock does not accumulate it for its corporate treasure. The assets in the hands of asset management companies are assets held on behalf of their customers.
Blackrock CEO Larry Fink said that during the World Economic Forum (Wef) event, Bitcoin may have the potential to rise up to $ 700,000 if Bitcoin was adopted by Egemen Return Funds as an instrument.
“If you are afraid of the depreciation of your currency or the economic or political stability of your country, you may have an international instrument like Bitcoin. I have a great belief in the use of this instrument, and if it becomes a proper protection tool, it would be interesting to see if Bitcoin has a 2 percent or 5 percent allocation. ” – Larry Fink
Bitcoin’s Future
Fink said that if the dominant reserve funds began to use crypto assets such as Bitcoin against local uncertainties, significant increases in the price of Bitcoin could be observed. Increased such investments can significantly increase the market value of Bitcoin.
Blackrock’s latest purchases show that corporate investors’ interest in crypto beings has increased. The company’s extensive asset management capacity can play an important role in the adoption of crypto currencies such as Bitcoin. These developments may contribute to the fact that Bitcoin is more widely accepted in financial markets and its stable increase in its value. In addition, other major investors are expected to follow similar strategies.
These major investments in Bitcoin strengthen expectations that digital assets can strengthen their place among the traditional investment instruments. Market analysts point out that this step of Blackrock may be the floor preparation.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
