"BlackRock Is NOT Done! You Need To Know What They Have Planned" Mark Yusko Bitcoin (2024)
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Blackrock, the world's largest asset manager, recently launched its first tokenized fund- the "Blackrock USD Institutional Digital Liquidity Fund" (BUIDL) on the Ethereum blockchain. This bold step highlights Blackrock's growing interest in digital assets, after the launch of Bitcoin ETF’s. However, SEC’s battle to classify Ethereum as a security may spoil the fun.
According to Mark Yusko, this move by Blackrock could result in a showdown between institutional players and the SEC, potentially resulting in a surge in Bitcoin and Ethereum prices.
He explained that Bitcoin represents the future of global currency, while Ethereum stands as the future of global compute so it's crucial to recognize their respective roles in shaping the digital landscape.
Regarding the adoption of Bitcoin ETFs, Yusko offered insights into the potential trajectory and challenges ahead.
However, make sure to stay until the end of the video where Mark Yusko reveals the chances of an Ethereum ETF approval till May and its impact on Eth prices.
About Mark Yusko:
Mark W. Yusko is an American investor and hedge fund manager. He is the founder, chief investment officer and managing director of Morgan Creek Capital Management, an investment management firm that advises pension funds, endowments and wealthy individuals.
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"BlackRock Is NOT Done! You Need To Know What They Have Planned" Mark Yusko Bitcoin (2024)