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Especially for a limited circleelite clientele Blackrock has teamed up with exchange Coinbase to provide institutional investors with the opportunity to invest in crypto assets.
The US asset manager has added the world's largest digital currency by market capitalization to its Global Distribution Fund for passive investors.
According to analysts, nowOn centralized exchanges (CEX), the number of bitcoins available for purchase does not exceed 1.85 million units. Based on the current price of BTC, which is around $17,000, the total volume is estimated at $31.4 billion.
Whereas under the currentBlackRock manages about $15 trillion in assets, the corporation will need only 0.32% of its own funds to purchase all the bitcoins available for sale on all exchanges.
Even if BlackRock's investment inBitcoins will be of a one-time nature, they will undoubtedly have a huge impact on the growth of the price of BTC, and will also entail the activity of other investment companies.
Popular last Decembera cryptocurrency analyst under the pseudonym PlanB, the author of the stock-to-flow model, again confirmed his expectations of large-scale Bitcoin growth in 2023 or at least 2024.
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