The chief decision maker for where BlackRock, the world’s largest asset manager, invests its funds said bitcoin could take the place of gold to a large extent because crypto is “so much more functional than passing a bar of gold around.”
This came out of nowhere, but incredibly great timing after recent comments from Jaime Dimon and Ray Dalio. Looks like we are seeing these financial conglomerates taking seats.
We already know Fidelity has sat down, now looks like BlackRock is following suite. If you look at the PayPal Holdings Inc one of the recent companies to enter the Bitcoin space and purchasing boatloads of BTC.
Mimetic desire is real. We are seeing this happen in real time.
It is clear, The Vanguard Group is keeping quiet about there Bitcoin stance, but look for them to drop more info into this next year.
We dive into this more on the latest Thriller Coin Talk...