Institutional investors are more interested in the crypto world than ever before—and now they’re putting their money where their mouth is. Some are wondering, however, whether Bitcoin may lose its raison d’être as a result. 

BlackRock, the world’s biggest asset manager, couldn’t be more mainstream. Managing $9 trillion, the well-connected Wall Street firm is the epitome of “the establishment.” 

Yet last month it filed an SEC application for a spot Bitcoin exchange-traded fund (ETF)—sending the price of the biggest cryptocurrency to a year high. Its billionaire CEO Larry Fink then praised crypto for “digitizing gold.”

Bitcoin was originally an anti-establishment initiative. Favored by cypherpunks suspicious of the government and initially bad-mouthed by every major institution—from the Go to Source to See Full Article
Author: Mathew Di Salvo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details