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bitcoin-cash
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ripple
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iota
Binance Coin (BNB) / BTC

Blackrock the world’s largest asset manager evolving into bitcoin

On Jan 20 2021 Forbes published an article announcing Blackrock Investments SEC filling for the use of cash-settled Bitcoin futures as an investment in two of their managed funds. BlackRock Global Allocation Fund and the BlackRock Strategic Income Opportunities Portfolio.

The news is both remarkable and historic as it provides great insight into Bitcoin's 2021 market placement and how it is now being adapted by mainstream financial institutions, Wall Street, Banks, Credit Card & Payment providers.
Most were long time critics.


Blackrock was founded in 1988 and is based in New York City. Blackrock  is the world’s largest asset manager, with $8.67 trillion assets under management.

Blackrock Breeze of change can be best explained by reading the following three quotes. 


October 13 2017, BlackRock CEO Larry Fink at the Institute of International Finance said: “Bitcoin an index for money laundering”.


December 1 2020, BlackRock CEO Larry Fink at the Council on Foreign Relations symposium said: “Bitcoin has caught the attention and the imagination of many people,” Fink said: “We look at it as something that is real,” “Can it evolve into a global market? Possibly.”
A bullish sentiment towards Bitcoin.


On Feb. 17 2021 in an interview on CNBC said Rick Rieder // Blackrock Chief Investment Officer:
“My sense is the technology has evolved and the regulation has evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up”.