On Wednesday, February 17, Bitcoin continues to break historic value records. The first cryptocurrency topped the $ 52,000 round mark for the first time in history.
Over the past three weeks, BTC has risen in price by $ 22,000 (73%), adding an average of $ 1,000 every day.
BlackRock, with $ 8.7 trillion in assets, spoke about interest in bitcoin. According to BlackRock Investment Director Rick Reeder, the company is starting to pay more and more attention to BTC as investors seek alternative means of savings, coinspot writes.
Reeder said that BlackRock is not making any recommendations for Bitcoin yet, but since many now hold a lot of money, investing some of their assets in cryptocurrency “might make sense.”
In January, BlackRock gave two of its funds the option to invest in BTC futures. Reader previously admitted that bitcoin could replace gold, as it is “much more functional.”
Bitcoin can compete with gold, but has little chance of becoming an alternative currency. This opinion was voiced on CNBC by the head of the Federal Reserve Bank of St. Louis, James Bullard.
Microsoft, the third-largest company in the world by market capitalization, has no plans to transfer cash reserves to bitcoin in the near future, said corporation president Brad Smith.
Cryptocurrency exchange Coinbase helped Tesla complete a $ 1.5 billion Bitcoin purchase, The Block reported, citing sources. The companies themselves did not comment on this information.
“All participants in the crypto market, from retail lay investors to institutional and whales, are waiting for growth up to $ 60K, where Bitcoin will be waiting for one of the most serious tests in the current bullish rally,” – said the team of analysts Cryptoniya.
