Bitcoin24h $81,458.07-2.37%

Ethereum24h $1,787.03-3.07%

XRP24h $2.05-6.20%

BNB24h $589.51-3.23%

Solana24h $123.64-1.85%

Dogecoin24h $0.1615-5.95%

Cardano24h $0.6351-7.13%

TRON24h $0.2325+0.76%

Toncoin24h $3.86-0.47%

Chainlink24h $13.04-5.73%

BlackRock wants to stop bitcoin ETF outflows with 1-2% allocation target

Wealth management giant Blackrock has decided to introduce bitcoin allocation suggestions for the first time in certain model portfolios.

Bitcoin supply may not be fixed at 21M, says BlackRock

Most Bitcoiners are absolutely confident that its supply will never exceed 21 million. Blackrock added a tiny disclaimer just in case.

Bitcoin is not only rallying after the re-election of Donald Trump but is further fueled by corporate leverage at four public companies.

It was reported that Fink made the comment during a BlackRock earnings call but he was actually referring to unnamed mortgage products.

In an about-face pivot, BlackRock CEO Larry Fink now believes bitcoin is a legitimate asset akin to ‘digital gold.’