Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
BitcoinSistemi 2025-03-19 14:19:08

BlackRock Makes Remarkable Bitcoin (BTC) Statement! "Hidden Catalyst Revealed!"

BlackRock Makes Remarkable Bitcoin (BTC) Statement! "Hidden Catalyst Revealed!"

Bitcoin (BTC) has recently been stuck in consolidation around $80,000 as investors await the next crypto catalyst after the White House Crypto Summit failed to spark a rally for Bitcoin and altcoins. At this point, BlackRock Global Head of Digital Assets Robbie Mitchnick offered a different perspective on the expected catalyst. Speaking to Yahoo Finance, Robbie Mitchnick stated that contrary to expectations, a possible recession would actually be a major catalyst for Bitcoin. Arguing that Bitcoin’s fundamentals are uncorrelated or even inversely correlated with fundamental risk factors, the BlackRock executive claimed that recessions and economic downturns could drive investors to Bitcoin as a hedge against inflation and currency devaluation. As traditional markets face uncertainty, investors are eventually looking for alternative stores of value and are increasingly turning to riskier assets like Bitcoin, according to Mitchnick. “If you look at Bitcoin fundamentally over the long term, it seems like an asset that should be indifferent or even inversely correlated to certain risk factors that exist. But in the short term, there can be correlation increases. It is stated that tariffs, one of the most talked about topics in recent times, have a negative impact on the price of Bitcoin, but these claims have no basis. Or it is claimed that economic fears are damaging Bitcoin. However, in my opinion, a possible recession could be a huge bullish catalyst for Bitcoin.” Mitchnick finally stated that he remains optimistic about the Bitcoin price, saying that institutional adoption of Bitcoin has not yet been priced in. *This is not investment advice. Continue Reading: BlackRock Makes Remarkable Bitcoin (BTC) Statement! "Hidden Catalyst Revealed!"

Most Read News

Market Cap
24h Vol
60.37%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.