BlackRock launched a new educational video on Bitcoin yesterday.
It’s a good video. They may have taken inspiration from Saifedean Ammous’ book “The Bitcoin Standard,” This book explains the evolution of money throughout the ages.
IBIT was first launched in January. It now has assets in excess of $50 Billion. This is because investors use the ETP more and more to access bitcoins’ price. Many investors have yet to enter the world of digital assets. For those looking to learn more about what bitcoin is… pic.twitter.com/8wh9CW0xYa
— Jay Jacobs (@JayJacobsCFA) December 17, 2024
The educational Bitcoin content that is being provided by a company with an estimated $11.5 trillion in assets will be incredibly popular among their targeted audiences.
There was one particular moment that I found particularly interesting. BlackRock said that Bitcoin has reached a certain point today. “Bitcoin is no longer seen as the radical idea it was 15 years ago. Over 500 million people around the world now use cryptocurrency, with over 50% holding or investing in Bitcoin.”
This alone tells me that Bitcoin will soon be recognized by the elite financial community and eventually mainstream as an established and legit asset class.
Bitcoin in its early stages was an idea so radical that 99% of the population could not even comprehend it. Bitcoin, however, has been proving itself to be a legitimate asset for a long time. Now, people are interested in adopting this new type of currency. There is an apparent paradigm shift that shows that people are moving away from the old beliefs that Bitcoin was a fraud and other FUD.
With that being said, I’m not saying everyone is on the verge of becoming a bitcoin maximalist or anything, but I do think that more and more people are becoming accepting to the fact that Bitcoin is here to stay and that it’s not going anywhere — which I would think eventually leads to people saying “I should probably own some bitcoin then.”
It’s not just any person saying that Bitcoin will become a legitimate asset. This is coming from the largest asset manager in the world. BlackRock’s reputation is behind Bitcoin, and they are confident in the future success of this asset. It has so far been a brilliant move by BlackRock to embrace Bitcoin. Their spot Bitcoin ETF is the most successful ETF in history.
People listen when they praise a potential investment. BlackRock is sending a strong signal here, and I believe that wealthy investors and accredited investors will be the first ones to notice it and take advantage. Retail investors will eventually follow suit.
Bitcoin will enter a new era unlike any other.
This is not a good article. Take. The opinions expressed by the authors are their own and not those of BTC Inc. or Bitcoin Magazine.
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Source: bitcoinmagazine.com
