Decoding BlackRock’s Impact: Why Bitcoin’s Price is Becoming More Stable

BlackRock’s entry into the Bitcoin ETF market has dramatically altered how this asset functions. With a significant stake of over 3% in the cryptocurrency, they’ve contributed to increasing its stability and decreasing volatility. This shift signifies more than just increased adoption; it’s altering Bitcoin’s liquidity profile. This newfound stability is reminiscent of a transition towards a digital gold standard, where speculation plays a less prominent role.