CandleFocus Michael Saylor Weighs in On BlackRock's Ultra-Bullish Bitcoin Statement
2024-09-25
Author: Content Editor
Michael Saylor, co-founder of MicroStrategy, showed support for BlackRock's positive statements about Bitcoin. BlackRock's head of digital assets, Robbie Mitchnick, called Bitcoin an emerging global monetary alternative and a decentralized, non-sovereign asset. Mitchnick also mentioned that Bitcoin has no connection to the current equities and jobs markets. BlackRock gained approval for its Bitcoin options from the SEC and its spot Bitcoin ETF began absorbing funds again. On September 24, BlackRock's spot Bitcoin ETF received $98.9 million in inflows, surpassing other Bitcoin-based ETFs.
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