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What will be the primary factor driving Bitcoin's price increase in 2024?
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BlackRock CEO Declares Bitcoin a Distinct Asset Class, Rivaling Gold
Oct 14, 2024, 08:33 PM
BlackRock CEO Larry Fink has declared that Bitcoin is now considered an asset class in itself, comparable to commodities like gold. Speaking during BlackRock's Q3 earnings call, Fink emphasized that Bitcoin and other digital assets are gaining recognition and are seen as distinct asset classes. He highlighted that Bitcoin's growth is driven by factors such as liquidity, transparency, and advanced analytics. Fink also mentioned that BlackRock, the world’s largest asset manager, is engaging with institutions worldwide regarding Bitcoin allocations, indicating a broadening acceptance of digital assets in the financial sector.
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