Market Trends
The financial landscape is currently undergoing significant changes, highlighted by BlackRock's recent actions. As the world's largest asset manager, with over $10 trillion in assets, BlackRock is reportedly preparing for a potential collapse of the US dollar. This comes at a time when their holdings in Bitcoin have reached a staggering 366,448.2 BTC, valued at approximately $23 billion as of October 1, 2024. This shift signals a growing confidence in cryptocurrencies as a hedge against traditional currency instability.
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