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Bitcoin News Alerts | Daily BTC News

1156: $10T ASSET MANAGER BLACKROCK MAKES BITCOIN ELIGIBLE INVESTMENT TO $15B FUND!!

Bitcoin News Alerts | Daily BTC News

Justin Verrengia

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 7 January 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

BlackRock, the world’s largest asset manager, is adding Bitcoin (the king crypto) as an eligible investment to its flagship Global Allocation Fund, which is one of the most preferred vehicles for ordinary and passive investors. A company filing shows that the move enables BlackRock to allocate part of the fund’s $15 billion to cash-settled BTC futures traded on commodity exchanges registered with the CFTC. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, Bitcoin price nears three-week high. As traders say sub-7% CPI may see a $19,000 Bitcoin

0:08.4

price action. And breaking news just in, CryptoZus Logan Paul called CoffeeZilla and said he

0:14.5

is deleting the two responses and dropping the lawsuit threats. In fact, he already deleted one of

0:19.5

the videos. I'll be reading this response from

0:22.2

Paul to Coffeyzilla. Also more breaking news. Forbes, which specializes in estimating net worth

0:28.3

worth zero, down from $3 billion. That's right. The Digital Currency Group, DCG, with

0:35.5

Silbert founded in 2015, has $2 billion in debt,

0:39.3

Silbert said in a letter to investors. Also, crypto conglomerant DCG is being investigated by

0:45.3

the Department of Justice and the SEC. I'll be breaking on this latest report. Also in today's show,

0:50.8

macroeconomic data points towards intensifying pain for crypto investors in

0:55.5

2023. That's right. Chances of a crypto bull market this year decreases as the Fed maintains a

1:00.9

hawkish stance and threats of a recession in the U.S. economy continue to appear. Also in today's

1:07.0

show, analytics firm's sentiment issues crypto market warning and says to tread carefully after

1:12.1

vital metric flashed red.

1:14.3

I'll be breaking this down for you.

1:15.8

Also in today's show, Coin Bureau analyst details 2023.

1:19.5

Crypto outlook impends the date on potential market turnaround, quoting guy here.

1:24.8

I would hope that we will be starting to see green shoots, starting to see signs of recovery

1:29.2

towards the end of the year, maybe sort of late quarter three, early, quarter four, but that

1:34.3

would be, you know, at the very earliest for that. Also in today's show, breaking news,

1:39.4

BlackRock makes Bitcoin eligible investment to a $15 billion fund. That's right.

1:44.3

Black Rock, the world's largest asset manager that controls over $10 trillion in asset

...

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