The blockchain world has been rocked by rumors that one of the world’s largest investment management firms, BlackRock, has made a major investment in the cryptocurrency market.
According to some sources, BlackRock has purchased a total of 12,200 Bitcoins, marking a significant step in institutional adoption of the leading cryptocurrency. As is often the case, these rumors have sparked a frenzy of speculation within the cryptocurrency community.
If this news turns out to be true, it will be an unprecedented vote of confidence in the future of Bitcoin from one of the world’s most powerful financial institutions. As we know, BlackRock is not new to the world of cryptocurrencies, as the company has been researching and closely tracking the sector in recent years.
However, BlackRock has not yet officially confirmed these rumors, and, most likely, this is not true, since such volumes of purchases could not go unnoticed by trading algorithms. As a rule, such transactions in the financial markets of cryptocurrencies involve large trading volumes, but this has not yet been observed.
