BlackRock Betting on Ethereum Over Bitcoin
BlackRock Betting on Ethereum Over Bitcoin
BlackRock recently shifted its crypto strategy by selling 4,100 BTC to acquire 27,700 ETH?
Say what you will about institutions, but BlackRock tends to move early and profit big.
Are they just reallocating, or is this a sign that ETH is about to enter a new price cycle?
Samuel Goldenberg Answered question
This is because tokenized assets will most likely be on Ethereum or Ethereum Layer 2s, and most stablecoins are Ethereum-based. And we all know who is leading the charge on Tokenzing assets – BlackRock. The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), is on the Ethereum. BlackRock is Ethereum focused.
Samuel Goldenberg Answered question