Part 6/9:
The current phase, termed the fifth parabola, brings with it external validation from heavyweight financial players. BlackRock's transition from skepticism to advocacy for Bitcoin represents a significant shift in institutional sentiment. Larry Fink, CEO of BlackRock, has become an enthusiastic supporter of Bitcoin, marking a pivotal moment in the asset's legitimacy.
In this fifth parabolic phase, the foundations laid by the fourth parabola begin to materialize into real-world applications. The rise of investment vehicles, such as Bitcoin ETFs, the facilitation of crypto payments through established platforms like PayPal, and the growing trend of corporate treasury investments showcase a maturing ecosystem.