Blackrock with their $6.3 trillion assets management company is taking interest in the Bitcoin and cryptocurrencies markets. The reason for this move by Blackrock is due to the fact they believe cryptocurrencies will become more widely used in time. This was reported in the London Finacial Times.
The news of Blackrock has created a surge in the price of Bitcoin. Blackrock like other major investment funds are slowly changing their minds about Bitcoin and other major cryptocurrencies.
BlackRock, Inc. an American global investment management corporation based in New York City. Founded in 1988