Internationally traded currencies will be overtaken by cryptocurrency, Is the news true????

md-sajalislam (67)mutedFraud(Banned)in Steem Alliance • last year

Wednesday,
Date: 19 July 2023

Asshalamu alaykum

These are the statements of the CEO of Blackrock. Blackrock, America's largest international business corporation, will have a significant impact on the cryptocurrency industry. And the news will be good for cryptocurrency.

Why this can happen?

Investors around the world are becoming more willing to welcome crypto assets to their inventories at the moment. BlackRock CEO gave his remarks in support of cryptocurrency and its potential. The investment on cryptocurrency is increasing globally it indicates that customer has interest in digital currency.

When it comes to diversifying a portfolio, cryptocurrencies show massive potential among other kinds of investments. It is so popular and demanding that it can certainly overtake any other currencies.

Blackrock and Btc ETF what is the future of it?
In the United States, BlackRock submitted a petition for a spot Bitcoin (ETF) that is still under review with the SEC. They are collaborating with governments as with any emerging market when BlackRock gets involved with it, they will make sure that the working product is well secured, dependable and trustedsource.

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The SEC has previously denied many attempts to set up a Btc ETF in the current market. Fortunately considering their outstanding achievement in getting ETFs accepted, this submission has restored hopes amongst the investors for a quick approval. Till date BlackRock has filed 550 ETF proposals and were denied just one time. Surely this is a big achievement.

Blackrock thinks that it is their duty to promote open investing. They performed an excellent job by highlighting the importance of ETFs in worldwide in investments in markets. And this is just the start of it.

As American investors awaiting for the decision of SEC, Britain’s Asset Management company named jacobi decided to launch first Bitcoin ETF later this year in Britain. The product was supposed to be released in 2022, nonetheless it was delayed because to the bear market.

Conclusion

If the Bitcoin ETF is approved, it will change the appearance of the existing market. All we have to do now is wait. To attain their goal, Blackrock will undoubtedly give their all.

Have a good day.


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Thank You,
@md-sajalislam

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