Bitcoin will rally thanks to BlackRock

by | Nov 9, 2023

5 REASONS why BlackRock will make Bitcoin Rally!

Now that BlackRock has applied for a US Bitcoin ETF, there are a couple of reasons why this could help boost the price and the value of Bitcoin.

 

1. It Boosts Bitcoin’s credibility

An ETF application from a company as respected as BlackRock is definitely going to provide even more legitimacy and credibility to Bitcoin as an investment.

This will attract more investors, institutions and companies to invest in the Bitcoin ETF, which will push the price up.

2. Easier to access Bitcoin

If BlackRock’s Bitcoin ETF is approved, this is going to make it easier for both institutional and retail investors to gain exposure to Bitcoin.

And they’ll be able to gain exposure to the coin without even needing to buy, store, and secure the cryptocurrency themselves.

People prefer to trust trusts, right?

Moving on…

3. More volume and liquidity for Bitcoin

BlackRock will open the gates of even more volume for Bitcoin.

In fact, the Bitcoin ETF would increase Bitcoin’s liquidity by getting more participants to trade the asset.

And when there’s more volume, demand and buying – we can expect higher prices for the underlying coin.

4. FOMO for other firms

You realise that this will set a huge precedent for other trusts and firms.
BlackRock’s move could encourage other financial institutions to adopt and create their own similar Bitcoin products into their own financial systems.

5. More trust for Bitcoin

I know this is a double-edged sword argument.

But I believe Bitcoin should be regulated under legitimate and transparent authorities.

Last year we saw how many cryptocurrencies buckled under low management.
We saw how many firms were laundering people’s money and faking their own accounts to make them seem profitable.

So, we tested the unregulated and decentralised system – and it failed horribly.

With this Bitcoin ETF being adopted into BlackRock, we’ll see it being reviewed and looked over by the right authorities like the SEC.

This will help provide a better safeguard for investors and will boost confidence in the asset

Trade well, live free.

Timon Rossolimos
Founder, MATI Trader

 

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