TL’DR
- 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.
- Confidence in SEC approval of a Bitcoin ETF is growing, reinforcing Bitcoin’s quality and mainstream adoption, as evidenced by increased stablecoin flows into Bitcoin.
- 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.
Fink’s recently gave high praise for the Bitcoin (BTC) network.
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