Blackrock has a track record of success. It would be foolish to quickly assume they are misguided about bitcoin. Just take it as another datapoint when deciding what you believe about bitcoin.
Despite the S&P's relentless ~700 pt recovery over the past month and a half with the most speculative meme stocks rallying hard, bitcoin has been acting rather anemic. It's also underperforming Ethereum which has been tracking TQQQ well: Prolly something.
I totally agree bitcoins rebound has been disappointing so far in my opinion. However that’s definitely not what Larry Fink was talking about he was talking about more long-term prospects
Bitcoin is not a get-rich-quick investment BTC will go to $500K within 5 years and go to $1M before the end of the decade 2030 There's no hurries. Bitcoin hodlers can wait...
While ETH is having its major catalyst due to the Merge... it may be a better bet now for LT investors to buy BTC on the cheaper side, as it is likely to skyrocket again due to the eventual halvening. Of course, that's assuming that everyone already did buy their triple-digit Ethereum... Right guys??
i think the idea of bitcoin is revolutionary and the reason why the project has potential. To replace intermediaries like banks with technology and thus stand up to corruption. Even if there is still a long way to go and there are many strays, I still think it's the future so Bitcoin will pump again even if I'm bearish at the moment