Loading...
Market
How many major financial institutions will endorse a Strategic Bitcoin Reserve by December 31, 2024?
2
Resolution / Starting Odds
1-2 • 25%
3-4 • 25%
5-6 • 25%
7 or more • 25%
Public announcements or press releases from financial institutions
Story
BlackRock, VanEck Endorse Strategic Bitcoin Reserve, Signal Bullish Outlook
Nov 19, 2024, 04:25 PM
BlackRock, managing $11 trillion in assets, has announced its endorsement of a 'Strategic Bitcoin Reserve', signaling a significant shift in the financial industry's approach to Bitcoin. The investment giant has expressed a 'renewed sense of optimism' for Bitcoin, citing Donald Trump's potential influence and the creation of a strategic reserve as catalysts to accelerate and broaden Bitcoin's adoption. This move comes after BlackRock's recent purchase of $89.33 million worth of Bitcoin, indicating a bullish long-term outlook on the cryptocurrency. Additionally, VanEck, with $90 billion in assets, has also endorsed the strategic reserve, further highlighting the increasing optimism regarding regulatory clarity on Bitcoin and digital assets following the U.S. election.
View original story
Similar markets
0-2 • 25%
3-5 • 25%
6-8 • 25%
9 or more • 25%
Yes, 3 or more institutions • 25%
Yes, 1-2 institutions • 25%
No significant purchases • 25%
No data available • 25%
JPMorgan Chase • 25%
Goldman Sachs • 25%
Bank of America • 25%
Other • 25%
BlackRock • 25%
Goldman Sachs • 25%
JPMorgan Chase • 25%
None of the above • 25%
Supportive • 25%
Neutral • 25%
Opposed • 25%
No official stance • 25%
Supportive • 25%
Opposed • 25%
Neutral • 25%
No official response • 25%
JP Morgan • 25%
Goldman Sachs • 25%
Morgan Stanley • 25%
Other • 25%
JP Morgan • 25%
Goldman Sachs • 25%
Morgan Stanley • 25%
Other • 25%
International Monetary Fund (IMF) • 25%
World Bank • 25%
Bank for International Settlements (BIS) • 25%
Other • 25%
Supportive • 25%
Neutral • 25%
Opposed • 25%
No Reaction • 25%
Less than 10 • 25%
10 to 20 • 25%
21 to 50 • 25%
More than 50 • 25%
JP Morgan • 25%
Goldman Sachs • 25%
Bank of America • 25%
Other • 25%