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Cryptocurrency News Video

BREAKING: "Everyone Will Use Bitcoin And XRP Globally" - BlackRock

May 05, 2024 at 06:09 am Levi

BlackRock's announcement of facilitating access to Bitcoin ETFs for massive funds like pensions, endowments, and sovereign wealth funds will have a massive impact on the entire crypto landscape, potentially leading to exponential growth and global use of Bitcoin and XRP.


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✩ CHAPTERS ✩
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00:00 Bitcoin, XRP, and other cryptocurrencies will soon have exposure to a $20 trillion market as BlackRock announces that sovereign wealth funds, pension funds, and endowments will trade spot Bitcoin ETFs, which will have a massive impact on the entire crypto landscape.

01:16 BlackRock is facilitating access to Bitcoin ETFs for massive funds like pensions, endowments, and Sovereign wealth funds, which are currently managing around $15 trillion and will see an influx of assets.

02:48 Bitcoin and XRP are getting exposure to massive pension and endowment funds, which will likely have a ripple effect on other cryptocurrencies, but also presents challenges such as centralization and contagion effects.

04:18 Bitcoin and XRP will be used globally, but it's important to self-custody your own cryptocurrency assets to avoid giving ownership to asset managers.

04:58 Bitcoin and other cryptocurrencies have the potential to see exponential growth and surpass previous all-time highs, making it a good time to accumulate before a potential influx of trillions of dollars into the market.

06:10 BlackRock CEO discusses the potential global use of Bitcoin and XRP, as well as issues with retirement accounts in the US.

06:51 Everyone will use Bitcoin and XRP globally according to BlackRock.

07:44 BlackRock predicts global use of Bitcoin and XRP.
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