Hello friends, "bitcoin is the future and the world is realizing it" these have been the words of Larry Fink, the CEO of Black Rock who has recently spoken out about the worrying situation in the United States, adding that this is one of the main reasons why Black Rock has begun to bet on cryptocurrencies and especially bitcoin.
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Without a doubt, a strategy that has revolutionized the market since the approval of ETFs, marking a before and after, triggering the adoption and entry of money by large institutions.
The worrying problem that the United States has is increasingly unstable with the debt skyrocketing without limits, the printers smoking and worst of all, Without any hope that this can be solved, a bubble that does not stop growing with which they cover everyone problems.
But sooner or later this will end up exploding and this is one of the biggest concerns of investors who are seeing how Fiat money and the system that surrounds and supports it is becoming weaker, something that even scares the CEO of BlackRock who In a recent interview he wanted to take the opportunity to indicate that there is a statistic that worries him a lot and that is the increase in debt.
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According to Larry Fink, in 2020 the debt of the United States was 8 trillion while now the debt amounts to about 34 trillion dollars, that is, in 23 and 24 years we have increased the deficit by more than 26 trillion but the problem continues. even further since if we look back, as Larry explains, it took between 23 and 24 years to reach the 8 trillion that the United States had in 2008.
While to have almost five times that amount it has taken only 23 years and this reflects what is happening right now in the United States and that could get worse causing us to have interest rates at very high levels and directly affecting the private capital displacing it and putting the United States in an increasingly worrying spiral.
Something that, according to Larry, has made the situation more urgent than ever, potentially dragging the country towards high levels of inflation and towards a snowball that could increase the risk of a crisis reminiscent of Japan's lost decade, the role of bitcoin. and the crypto sector in all this.
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This is where the role of bitcoin comes into play since after many years of criticism and very complicated moments against this asset, in the end the world is beginning to realize that the problem is not bitcoin but fiat money and the ease with the currency is being devalued, in fact we are possibly going through one of the most important years for this sector.
In which, above all, the perception of investors about bitcoin has changed thanks to the support of large investment funds that have offered the traditional sector a much more accessible way with which to invest in bitcoin and have also begun to value the characteristics of this asset that according to Larry is a great alternative in which to take refuge from everything that is happening.
Taking on the role of digital Gold citing bitcoin is a great opportunity in a good store of value and this is where the debate arises, "but is it really a good store of value?" Let's be clear if you are in a country where you fear your government and this is possibly one of the reasons why the Chinese government has banned bitcoin or you are simply watching how your government is devaluing its currency with a lot of debt.
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So you can affirm that this is a great source of reserve of value in the long term and I continue to say that it is like digital gold. A few words that closed by stating that bitcoin is greater than any government, an international solution that has no borders and that is evident. the great support and involvement that BlackRock is having with this technology, revolutionizing the industry and registering the highest rate of bitcoin purchases in history.
As Larry states, they knew from the institutional interest that the launch of the ETF was going to be good and that they were going to have a lot of purchases. But what happened was not expected at all and he is personally very surprised and bets because his spot bitcoin ETF has has been the one that has recorded the fastest growth in the history of ETFs blackrock wants more and more bitcoin and other crypto currencies.
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The really interesting thing about all this is that this approach is not focused only on bitcoin since BlackRock is beginning to look for alternatives in which it can continue diversifying and with which it can offer its clients and investors new opportunities for the next cycles of the market. market, in fact we have only been 3 months since the first bitcoin ETF was approved and all of this is still very recent, however we are seeing how the interest of institutions in this sector does not stop growing.
Source of information:|
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* https://es.cointelegraph.com/news/blackrock-bitcoin-etf-fastest-growing-etf-larry-fink
I invite you to read|
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|https://cdn.steemitimages.com/DQmdYk7Mw65KM5CWr4jhUYbefoEdYdowsDN4422hAffaznk/triptico%20salud%20mental%20bullying%20textura%20azul%20morado_20231229_125023_0000.png[A resection could be expected..](https://steemit.com/hive-150122/@joeljaimes1982/a-resection-could-be-expected-in-the-united-states-by-2024)|https://cdn.steemitimages.com/DQmRgAWh9E6sqyZHomyDwhQFRLDwir224WxnVYvB8k85hB9/triptico%20salud%20mental%20bullying%20textura%20azul%20morado_20231226_100417_0000.png[Because the SEC wants to change..](https://steemit.com/hive-150122/@joeljaimes1982/because-the-sec-wants-to-change-the-in-kind-redemptions-model-to-cash-creates-in-order-to-accept-the-approval-of-bitcoin-etfs)|
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|Post written by @joeljaimes1982|
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