Dude, so Bitcoin kinda hit the brakes lately after its insane rocket ride into 2024. We hit over $70,000 per coin, all thanks to BlackRock’s hammer drop with their spot bitcoin ETF, but now it’s backing off. But don’t sweat it—one big Wall Street name says it’s about to go off again!
Larry Fink, the big boss at BlackRock, just threw down a wild warning about the Fed. This dude is all in on crypto, saying Bitcoin’s not just a fad; it’s seriously an alternative to gold. He’s like, “We see Bitcoin as its own thing, bro!”
During some earnings call at BlackRock, Fink dropped some major knowledge bombs on how Bitcoin, Ethereum, and crypto are gearing up to get linked with AI. He’s seeing the future where these digital coins and tech blend together like a dope smoothie.
BlackRock is killing it right now, raking in $21.7 billion in their IBIT ETF since January. That’s way more than Fidelity’s chasing behind them. When heavy-hitters like BlackRock and Fidelity drop Bitcoin ETFs, that’s totally a good sign for all us crypto fans, right? Scaramucci from SkyBridge Capital even tossed out a price tag of $170K for Bitcoin. No big deal!
Fink’s vision is huge! He’s talking about a digital dollar that could change the game completely. He believes we’re on the verge of a “revolution” in digital assets, like, for real. He’s hyped about how some countries like India and Brazil are making their digital currencies work, calling it a “big success.”
He’s there like, “What’s the deal with digitizing the dollar in the U.S.? That’s a whole different ballgame compared to Bitcoin.” It’s a serious convo they gotta have.
And remember back in 2019 when Facebook wanted to drop their own coin? That lit up the debate about digital dollars and got regulators all riled up. We gotta keep an eye on that because the whole idea of a digital dollar could mess with the way our financial system works.
Jerome Powell from the Fed is saying they’re not gonna make a move on a digital dollar without Congress giving the green light. So, we’ll see what happens, but let’s just say things are heating up in the crypto space!
Source: https://www.forbes.com/sites/digital-assets/2024/10/13/digitizing-the-dollar-blackrock-ceo-reveals-his-radical-plan-for-ai-powered-crypto-thats-predicted-to-blow-up-the-price-of-bitcoin-and-ethereum/
