• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

BlackRock CEO reviews very low extended-phrase investor demand for cryptocurrencies

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

“We see very little investor demand” for cryptocurrencies, stated BlackRock’s CEO.

Related articles

New CEO Richard Teng wants to turn Binance into "a normal financial company"

New CEO Richard Teng desires to flip Binance into “a normal financial company”

November 27, 2023
What is money laundering?  “Money laundering” tricks used by criminals in cryptocurrencies and how to prevent them

What is cash laundering? “Money laundering” tricks applied by criminals in cryptocurrencies and how to stop them

November 27, 2023
BlackRock CEO reports low long-term investor demand for cryptocurrencies
BlackRock CEO reviews very low extended-phrase investor demand for cryptocurrencies

BlackRock, an institutional asset manager with indirect publicity to Bitcoin, mentioned a large drop in investor demand for the cryptocurrency.

Company CEO Larry Fink stated Wednesday on CNBC’s Squawk Box that BlackRock just lately observed fewer crypto-relevant inquiries from traders, signaling a large drop in demand for cryptocurrencies.

Fink mentioned that unique extended-phrase and retired traders look to be significantly less interested in cryptocurrencies correct now:

“Earlier you asked me about cryptocurrencies and Bitcoins. And in my last two weeks of a business trip, not a single question has been raised about it. It’s not just part of the focus on retirement and long-term investors. We see very little in terms of investor demand ”.

Fink’s remarks come amid continued side trading in the cryptocurrency marketplace, with Bitcoin down a lot more than sixteen% in excess of the previous thirty days. At the time of creating, Bitcoin is trading at $ 32,572, a slight improve of all around .three% in excess of the previous 24 hrs. The most worthwhile cryptocurrency has misplaced just about half its rate given that BTC broke its all-time higher in mid-April, surpassing $ 64,000.

BlackRock is recognized for its favorable place on Bitcoin as the corporation has indirect publicity to Bitcoin by means of its equity ownership in small business intelligence company MicroStrategy. The corporation at first invested $ 425 million in BTC in 2020 and then went on to acquire a lot more Bitcoins.

Despite statements by BlackRock’s CEO about a decline in Bitcoin demand from extended-phrase traders, institutional curiosity in the cryptocurrency seems to carry on to expand. Last week, Bank of America, the 2nd greatest financial institution in the United States, reportedly formed a cryptocurrency study group in response to institutions’ developing curiosity in digital assets.

Synthetic currency 68

Maybe you are interested:

Join the chat group Coinlive Chats Now let us talk about the sizzling subjects of the DeFi marketplace with the Coinlive administrators !!!

.

[ad_2]

Tags: BlackRockCEOcryptocurrenciesdemandGeneral NewsInvestorLongTermreports
Share76Tweet48

Related Posts

Ripple’s XRP Faces Critical Market Forecast

by shark
June 3, 2025
0

Explore Ripple's XRP price predictions for June 2025, potential market volatility, and insights from experts on whether the price could...

U.S. Home Listings Reach Record $698B Amid Demand Decline

by shark
June 3, 2025
0

The U.S. housing market sees an all-time high with $698 billion worth of homes listed for sale, reflecting increased inventory...

Sberbank Introduces Bitcoin-Linked Structured Bonds in Russia

by shark
June 3, 2025
0

Sberbank launches structured bonds tied to Bitcoin and USD/RUB rates in Russia.

Strategy & Metaplanet Secure $200M in Bitcoin Amid Market Correction

by shark
June 3, 2025
0

MicroStrategy's Michael Saylor and Metaplanet's Simon Gerovich lead significant Bitcoin acquisitions totaling $200 million amid a market correction.

Elon Musk’s XChat Faces Cryptography Scrutiny After Launch

by shark
June 3, 2025
0

Elon Musk announced the launch of XChat on June 2, 2025, sparking controversy with claims about 'Bitcoin-style encryption'.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Ripple’s XRP Faces Critical Market Forecast
  • U.S. Home Listings Reach Record $698B Amid Demand Decline
  • Sberbank Introduces Bitcoin-Linked Structured Bonds in Russia
  • Strategy & Metaplanet Secure $200M in Bitcoin Amid Market Correction
  • Elon Musk’s XChat Faces Cryptography Scrutiny After Launch
  • Circle Upsizes IPO, Valuation Exceeds $6 Billion
  • Russia’s Sberbank Launches Bitcoin-Linked Structured Bonds
  • Top-Rated Cryptos in 2025: BlockDAG, Polygon, DOT, & Aptos
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7