Bitcoin "global asset" prediction from Black Rock

[BLU]

I believe the next wave of the bull run is about to erupt as CEO of the biggest asset management firm BlackRock Larry Fink said bitcoin can evolve into global asset. There are more big guys from Wall street getting involved in bitcoin too. We won't possibly see any serious corrective retracement anymore.

https://www.coindesk.com/blackrock-ceo-bitcoin-global-asset

[barto123]

Big money is entering. Rich people are telling their rich friends, it's a positive feedback loop.

If you own Bitcoin now, you've front-run the remaining 99% of Billionaires.

Bitcoin is easily go to a couple hundred k over the next year or 2.

Under $20k is cheap - I continue to stack every day.

Try to remain humble, things are about to get crazy.

[Luzin]

I think this is fundamentally good. A lot of people started investing their money in Bitcoin. This means that the level of trust in Bitcoin is getting higher. If you have money more likely to buy now for the future is not to lose. But if you look at the current technicals, maybe he will be corrected again at the price of $ 17,500. Maybe then is the perfect time to buy back. IMO

[dothebeats]

We haven't seen these type of positive thoughts on bitcoin during the 2017 ATH, so this time must be the real deal considering that a lot of big money is already pouring in the industry. We never had that much of a positive approval from the big names in the traditional investment industry before, so maybe this time is their time, and we would be reaching higher highs and ludicrous ATH if this momentum, recognition, and acceptance from all fronts continues. Those who were smart enough to buy bitcoin before the big names come in are already in for a treat, and perhaps it's not too late for other people to have their share of the pie.

[lifeforcepools]

I don't need  prediction to determine that the price will rise and then fall. Is there anything else?

[btc_angela]

We should understand where the CEO or the company is coming from, they are are trillion asset manager fund company, and they could have been in crypto before this bull run. So he is just shilling for bitcoin for all we known.

Besides that, MicroStrategy and GrayScale is already inside and in the last month we have seen a lot of institutional money flowing in because of this positive news, so no surprise coming from BlackRock's CEO statement.

[avikz]

I believe the next wave of the bull run is about to erupt as CEO of the biggest asset management firm BlackRock Larry Fink said bitcoin can evolve into global asset. There are more big guys from Wall street getting involved in bitcoin too. We won't possibly see any serious corrective retracement anymore.

https://www.coindesk.com/blackrock-ceo-bitcoin-global-asset

Isn't it already a global asset? Bitcoin was always a global asset but these big guys have now started to enter into this market. Hopefully, this bull run will not be similar to 2017. If the big pocket investors invest in bitcoin, the current price level will find some support at 19000 USD.

I know a lot of people are still very cautious about entering into bitcoin right at this moment because of their past experience. Hopefully, this time it will be different!

[Wisbrown]

Bitcoin is taken the position of gold. Rieder said it's much more functional than passing a bar of gold around. And according to timothy Peterson believes Bitcoin have a great chance of reaching $20000 or stay above after July 2021

[davis196]

I believe the next wave of the bull run is about to erupt as CEO of the biggest asset management firm BlackRock Larry Fink said bitcoin can evolve into global asset. There are more big guys from Wall street getting involved in bitcoin too. We won't possibly see any serious corrective retracement anymore.

https://www.coindesk.com/blackrock-ceo-bitcoin-global-asset

Bitcoin is already a global asset,it was a global asset right from the beginning,there's no need to evolve into such asset.Bitcoin was never a national/local asset.
Can you mention a few "big guys from Wall Street",who are currently getting involved in Bitcoin?
I don't know about any Wall Street "big sharks" buying BTC right now.Maybe they are keeping their buying process confidential.

[AakZaki]

I believe the next wave of the bull run is about to erupt as CEO of the biggest asset management firm BlackRock Larry Fink said bitcoin can evolve into global asset. There are more big guys from Wall street getting involved in bitcoin too. We won't possibly see any serious corrective retracement anymore.

https://www.coindesk.com/blackrock-ceo-bitcoin-global-asset

This is great, successful startups / companies that were initially unsure about bitcoin have changed their minds. I believe that in the future there will be many large companies investing in Bitcoin. Just look at Michael Saylor, he is the CEO of Microstrategy, a public company that is already on the Nasdaq stock exchange. The news that I read that they have also bought 55,226 BTC bitcoin or USD600 million, the purchase was facilitated by Coinbase. The CEO of Microstrategy believes that storing Bitcoin will be more profitable in the coming year than storing fiat money.
Source: https://www.coindesk.com/microstrategy-used-coinbase-for-massive-bitcoin-purchase

[Smartprofit]

The rise in the price of bitcoin in 2020 is very different from the rise in the price of bitcoin in 2017. 

2021-2025 is the time of transformation of the global financial system.  The dollar is losing its function as the world's reserve currency (gold lost this function even earlier).  2021-2025 is the time of the development of central bank currencies (CBDC) and the liquidation of commercial banks.  At the same time, CBDCs do not provide for the use of offshore companies.  Also, CBDC does not provide for the opening of deposit accounts for individuals and legal entities. 

In this situation, Bitcoin becomes a reasonable alternative, a very important financial instrument, an attractive deflationary asset.

[hatshepsut93]

Bitcoin was always a global asset, because it never was a local asset - the day Satoshi mined the genesis block, Bitcoin was available to all people in all countries in the world. Sometimes when people say "global asset" they mean "a widely popular asset", and Bitcoin seems to be on a steady track to achieving this status, especially with all the attention from institutional investors it got in the last few months.

Bitcoin is taken the position of gold. Rieder said it's much more functional than passing a bar of gold around. And according to timothy Peterson believes Bitcoin have a great chance of reaching $20000 or stay above after July 2021

It's still way too early to proclaim that Bitcoin replaced gold as an investment. There's still a lot of people, even among investors, who are barely aware of Bitcoin.

[cryptoboss2020]

https://cointelegraph.com/news/bitcoin-arrives-on-wall-street-s-p-dow-jones-launching-crypto-indexes-in-2021



Expecting big volatility

[Harlot]

Pretty sure in a couple of months they will have some kind of project/offering to their clients that has a relation to Bitcoin that is why they are saying these kinds of things. We have seen this before with JP Morgan and Paypal so its obvious now that they won't praise anything just because they believe in it, they will praise it because they know they want to make money out of it. So maybe the CEO is giving this "investment advice" just to hint of their clients to start buying Bitcoin from them.

[Lorence.xD]

Big money is entering. Rich people are telling their rich friends, it's a positive feedback loop.

If you own Bitcoin now, you've front-run the remaining 99% of Billionaires.

Bitcoin is easily go to a couple hundred k over the next year or 2.

Under $20k is cheap - I continue to stack every day.

Try to remain humble, things are about to get crazy.

It is all fun and games until every rich people go for this and hodl. I do not like that they all take notcie of this, I am sort of gatekeeping. This attention will lead to the interest of the government to scrutinize bitcoin and other cryptocurrency, I believe this will be the reason that the purpose of bitcoin and other digital currency will change drastically.

[sunsilk]

I believe the next wave of the bull run is about to erupt as CEO of the biggest asset management firm BlackRock Larry Fink said bitcoin can evolve into global asset.

But even if he has said it, bitcoin was already a global asset. And when lock downs were being implemented, it was one of the times that most of the people are interested in looking for something to earn and they've searched for bitcoin as an investment.

There are more big guys from Wall street getting involved in bitcoin too. We won't possibly see any serious corrective retracement anymore.

https://www.coindesk.com/blackrock-ceo-bitcoin-global-asset

We will still see some corrections so don't be too overhyped with the news. And about Wall Street, that's good news that they're coming in.

Bitcoin on Wall St: S&P Dow Jones to launch cryptocurrency indices in 2021

[Vaskiy]

More and more number of large scale companies are investing on bitcoin. Already Wall Street people might've invested on bitcoin, but those aren't revealed to the outer world. Now slowly things are getting revealed, and the same is helping with the growth of bitcoin in terms of usage, adoption and as payment on more number of stores.

[Wisbrown]

Currently there is a union of technology working in Favour of cryptocurrency to provide stability above the cloud formation and MACD testing a bull across. With this, there is a prediction that Bitcoin will go above $20000 by 2021

[amishmanish]

This is all great positive sentiment that has been going on for some time now. The only few hurdles remaining are:

1. How do US regulators treat it with the change in administration. There has already been a talk about regulations to ensure that "Wallet providers" don't treat people differently like traditional banks have when it comes to access to credit. Just looks like an excuse to get KYC from wallet software providers. Running your own node may become essential for those who desist KYC.

2. IF bitcoin gains such prominence, it remains to be seen that what political actors want to do about the mining dominance of Chinese ASIC hardware.

[pooya87]

Isn't it already a global asset?

No, it has always been a global currency

This is all great positive sentiment that has been going on for some time now. The only few hurdles remaining are:

1. How do US regulators treat it with the change in administration. There has already been a talk about regulations to ensure that "Wallet providers" don't treat people differently like traditional banks have when it comes to access to credit. Just looks like an excuse to get KYC from wallet software providers. Running your own node may become essential for those who desist KYC.

2. IF bitcoin gains such prominence, it remains to be seen that what political actors want to do about the mining dominance of Chinese ASIC hardware.

1. Bitcoin wallets are all open source and nobody can do anything about them including but not limited to adding KYC to the software. That is the beauty of open source and decentralized systems combined. Other services that call themselves "wallet" such as Coinbase have never been actual wallets but centralized accounts and from day one they were enforcing KYC and other privacy invasion stuff.

2. The only dominance China has is in production of ASICs, if you think about it a lot of other things that you are using daily is made in China and nobody is capable of doing anything about it!