Here I have an update for the crypto lovers just take a deep breath because new update that I have today for you will give you more assurance for cryptocurrency. BlackRock’ the world’s biggest ETF provider that is exchange traded fund’ has announced going to form a working group which will assess the potential involvement in bitcoin. This could be the uturn of BlackRock towards cryptocurrency because before that it was totally negative about cryptocurrency and we can see that most of the banks and exchanges who was negative about crypto are taking uturn towards crypto and showing positivity towards it by one side.
We can see if BlackRock comes in the world or market of cryptocurrency how much investment can take part in it. If we talk about BlackRock assets it is about 6.3 trin in assets under management as of 2017 and we compare it with total cryptocurrency market then its total subcoin market cap is about just 267 million dollars. Just think how much beneficial it can be for the cryptocurrency market and for its investment.
This is really very positive news for all crypto lovers which indicate that slowly but outlook of traditional financial institute is changing towards cryptocurrency and they will come with investment in market of crypto.
The CNBC’S trader adviser Ran Neuner’ recently suggested that the future of the Bit coin will warm up with high price we all have seen in 2017 that it’s price was $20,000 and we all know that where the prediction has been reached so I think it is going to be true because bit coin jumped about 4% this morning in just over two hours. We are crypto lovers and we want its market always high and with much investment. So crypto users BlackRock will definitely rock in the world of cryptocurrency just hope and wait.
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Thank you very much @raksha
your most welcome dear.
Definetly it's a great news for all crypto lovers.
Upvoted you👍
Yes it will.
Exchange-traded fund
@chandra1987, ETF is Exchange-traded fund. It means Bitcoin can be traded like any other comodity on exchange mkt.
For more details you can hv a look to this article
https://steemit.com/bitcoin/@ashokmandal/bitcoin-will-be-priced-around-usd50-000-by-the-end-of-the-year