Crypto Blog
BlackRock CEO Larry Fink praises the Bitcoin network, citing pent-up interest in crypto and a flight to quality as drivers of the recent rally.
The ongoing trial of Sam Bankman-Fried highlights the narrative that decentralized cryptocurrencies like Bitcoin are more reliable and of higher quality, leading to a “flight to safety” amid market turmoil and inflation concerns, as noted by analysts.Furthermore, the CEO of the world’s largest hedge fund, with over $9.4 trillion in AUM , said this October’s stunning Bitcoin rally is “beyond rumor.
“I think it’s just an example of the pent-up interest in crypto. We are hearing from clients around the world about the need for crypto. Some of this rally is way beyond the rumor — I think the rally today is about a flight to quality.”That validation is especially important for mainstream and institutional adoption. But it is clearly sending a message to crypto traders. Glassnode on-chain data shows cryptocurrency markets pouring their stablecoins into Bitcoin this week.
“As rate hikes and inflation impact legacy markets, investors increasingly see bitcoin as a flight to safety,” TheStreet reported.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SF Giants president says city's bad reputation is 'way overstated'Giants CEO Larry Baer wants to help change the narrative about San Francisco — and the ballclub.
Read more »
Matrixport’s Bold Forecast: Bitcoin Set to Hit $56,000 Upon BlackRock ETF ApprovalCrypto Blog
Read more »
LARRY KUDLOW: This is the tragic failure of the Biden policyFOX Business host Larry Kudlow reacts to President Biden's primetime address on Friday's 'Kudlow.'
Read more »
Larry FleetLarry Fleet at Agora Theatre: The Agora's hot-pink neon sign is a Cleveland rock icon. Divided into a spacious theater and a more comfortable ballroom, the club has three bars, and it's as big as the names who play there.
Read more »
Sipping with Spirit: A Gallery Event with LarryJoin us for a spooky gallery event with Psychic Medium Larry Allen at Franklin Brewing in Grafton, Ohio. Cost includes a tasty craft beer or seltzer and finger food snacks.
Read more »
Two new books remember Larry McMurtry and I remember when my life intersected with hisTalmage Boston’s life intersected with that of the late Larry McMurtry a few times. Once they even met. Talmage writes an homage to McMurtry, concluding that...
Read more »