BlackRock: Bitcoin Is A Hedge Against Global Disorder
$9 trillion asset management company BlackRock says that Bitcoin is a hedge against global disorder and geopolitical uncertainty. In a statement, the company called Bitcoin a global monetary alternative. According to BlackRock, the asset “could serve as a hedge against increasing global disorder and declining trust in governments, banks, and fiat currencies.” JUST IN: BlackRock says #Bitcoin could be a "hedge against increasing global disorder and declining trust in governments, banks, and fiat currencies." — Watcher.Guru (@WatcherGuru) September 12, 2024 BlackRock’s Bitcoin ETF has been one of the top ETFs for the coin since January 2024. Following the launch of the funds, Bitcoin exploded in price, reaching a new all-time high of $73,000 in March 2024. Crypto-based ETFs have dominated the conversation within the finance sector, led by Bitcoin and newly released Ethereum ETFs. BlackRock’s Jay Jacobs Shared Company’s Support for Bitcoin in the Past Bl...