Best Crypto to Buy Now 14 July – Lido DAO, Polygon, ApeCoin
With an unwavering conviction in the potential of cryptocurrencies, Larry Fink, helmsman of BlackRock, the world's most influential asset management firm, expressed a stronger faith in digital assets as investment tools today. His contention is that cryptocurrencies will "transcend any one currency."
How will this influence the best cryptos to buy now?
Fink shared his augmented optimism for digital currencies in a CNBC interview earlier today.
While he refrained from delving into Bitcoin specifics due to BlackRock's pending application for a spot market Bitcoin Exchange Traded Fund (ETF) with the U.S. Securities and Exchange Commission, he underscored the unique value of crypto compared to other investment classes.
Seeking to expand its foothold in the cryptocurrency market, BlackRock - which manages an enormous $9.5 trillion in assets--applied for SEC approval of a spot Bitcoin ETF on June 15.
This move is believed to have nudged other institutional investors to direct capital toward the crypto sphere, driving the asset to reach its peak value in the last twelve months.
"Our obligation is to make investing an accessible practice for all," Fink opined about ETFs.
"In recent years, there's been a marked rise in global investors expressing curiosity about the place of crypto in their portfolios. Crypto, with its broad international reach, undoubtedly has the capacity to go beyond the boundaries of a single currency in terms of valuation."
Fink's argument is that an "international crypto product" could potentially provide a solution to the issue of dollar devaluation, given its inherently borderless nature.
The launch of a Bitcoin ETF on the spot market could provide institutional investors with a gateway to access Bitcoin without
Read more on cryptonews.com
