Economics Pulse: BlackRock's Bitcoin ETF Hits a New Milestone
A seismic shift is taking place in the investment landscape, as the World's largest asset manager's Bitcoin ETF overtakes its Gold counterpart
What a change in fortunes has one week brought to the world of digital assets, especially the premier crypto kingpin, Bitcoin. Spurred by enthusiasm in the crypto market following Donald Trump’s win in the U.S. presidential election, BTC broke past its previous all-time high of $73,737, set in March. This political event appears to have reinvigorated investor confidence in Bitcoin, pushing it to new highs almost daily.
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