Bitcoin Price Analysis: BTC Hits $66,000 Resistance as BlackRock CEO Compares It to Gold
Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
Bitcoin price has recently stalled near $66,000, facing strong resistance due to a triple-top pattern, which has slowed its upward momentum.
As this key level continues to hold, market participants are watching closely for a breakout or potential bearish correction.
Insights from notable figures like BlackRock CEO Larry Fink, and institutional actions like Japan’s Metaplanet acquisition, further emphasize Bitcoin’s growing status as a key financial asset.
BlackRock CEO Larry Fink has acknowledged Bitcoin as a significant asset class, comparing its investment potential to that of gold. During BlackRock’s Q3 2024 conference call, Fink stressed that Bitcoin’s growth will be driven by liquidity and broader usage, rather than regulatory changes.
He also noted strong investor interest in BlackRock’s Bitcoin ETF, which has already attracted $23 billion in inflows.
Fink further highlighted the promising performance of BlackRock’s Ethereum ETF and predicted that blockchain and artificial intelligence will reshape global financial markets.
JUST IN: World's largest asset manager BlackRock CEO Larry Fink says "#Bitcoin is an asset class in itself."
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