2023-07-21 20:25:54
Par Ingrid Vergara
Posted 4 hours ago, Updated 3 hours ago
The SEC, the American financial markets regulator, distinguishes bitcoin from other cryptocurrencies, because of its truly decentralized nature. 308480331/Proxima Studio – stock.adobe.com
DECRYPTION – Recovering from the FTX scandal, the crypto market is quietly experiencing a structuring revolution for its future.
Praised by the very people who despised him. If bitcoin has regained more than 70% since the start of the year, it is partly thanks to the interest now claimed by the largest American asset managers. “Bitcoin has a differentiating value compared to other asset classes. I firmly believe that its role is to digitize the gold. More importantly, it is an international asset, capable of transcending any currency,” explained in mid-July Larry Fink, CEO of BlackRock. With these words, the largest asset manager in the world, with more than 9 trillion dollars in assets, dubbed the pioneer of cryptocurrencies, which he qualified at the end of 2017 “money laundering index”.Since then, the situation has changed.
While interest in these new assets has hitherto been largely driven by small holders, family offices or hedge funds, it is now attracting other targets. “What has marked these last years, and more particularly…
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#Financial #giants #bitcoin