CandleFocus BlackRock: “there are not enough Bitcoin (BTC) for every millionaire in the USA”
2025-03-05
Author: Content Editor
BlackRock, the largest asset manager in the world, has discussed the intrinsic value of Bitcoin in a recent article. They mentioned the limited supply of BTC, stating that if every millionaire in the United States wanted to own 1 BTC, there wouldn't be enough. BlackRock highlighted the difference between BTC and gold, noting that BTC cannot meet excess demand by increasing its supply like gold can. They also launched a Bitcoin ETP in Europe, utilizing the more common financial instrument of ETPs in the region. This decision may be influenced by Europe's structured regulatory approach. Bitcoin has experienced a small price jump in the last 24 hours, reaching $87,500.
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