LARRY FINK IS BULLISH ON CRYPTOCURRENCY
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Of course, this will be bullish for Ethereum as the tokenization of assets will largely take place on Ethereum but Larry Fink being such an advocate for crypto is huge. It is hard not to be incredibly optimistic in the space when the largest firm believes in the vision. Let's not forget that things are changing fast in the crypto space. Larry Fink is fascinated by cryptocurrency but not overly bullish jump in the crypto world. He also said although institutions were interested in it, he was not really a conversation he was having. But that has all changed in the bear market with instructions finally arriving to cryptocurrency in just the last month.
In June 2022, We said Blackrock begin their institutional journey into crypto with Blackrock partnering with Coinbase prime to institutional investors direct access to cryptocurrency. Not too long, we saw other institutions follow, in October 2022, BNY melon launch an asset custody platform secure assets for an institutional client with Bitcoin. Then again in 2022, we saw Eaglebrook advisor and Ark investment which Caphy Wood partnered to offer financial advisors to actively managed strategies. Also in November 2022, we saw fidelity officially launch retail Bitcoin and ETH trading accounts which will allow investors to trade and custody cryptocurrency on their platform. As opposed to the bull market when Larry Fink said institutions are fascinating but not interested, we are now seeing them fall like dominoes beginning with black rock getting into the crypto space.
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