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24 February 2021

World’s Largest Asset Manager Blackrock Enters Bitcoin Space — Discusses What's Driving Up BTC Price – Markets and Prices Bitcoin News

World’s Largest Asset Manager Blackrock Enters Bitcoin Space — Discusses What's Driving Up BTC Price – Markets and Prices Bitcoin News


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Sharing his view on what’s driving up the price of the cryptocurrency, the firm’s chief investment officer says the technology and the regulation have evolved to where people find bitcoin should be part of their portfolios.

When asked about what portfolio allocation should be in the cryptocurrency, he replied: “I wouldn’t put a number on the percentage allocation one should have, [since it] depends on what the rest of your portfolio looks like.” The Blackrock chief investment officer explained:.

Commenting on the spectacular rise in the price of bitcoin, the Blackrock chief investment officer, who previously said that cryptocurrency is here to stay and could replace gold, opined:.

The chief investment officer of the world’s largest asset management firm further detailed: “We’re holding a lot more cash than we’ve held historically.

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MicroStrategy Buys $1.026 Billion Of Bitcoin
published: 18 minutes ago
MicroStrategy’s latest monumental bitcoin investment gives it a total of more than 90,500 BTC, purchased at an average of $23,985 per coin.

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