BTC rallies past $62.6K after BlackRock issues Bitcoin white paper

Bitcoin’s adoption trajectory will largely depend on future macroeconomic and geopolitical concerns, according to BlackRock.

Bitcoin rallied nearly 6% after the world’s largest asset manager issued a white paper highlighting the digital asset’s potential as a hedge against monetary and geopolitical risks.

BlackRock published a Bitcoin (BTC) white paper on its appeal to investors as a “unique diversifier” that is detached from traditional fiscal and geopolitical risks.

The Bitcoin price bottomed out shortly before senior Bloomberg ETF analyst Eric Balchunas shared the nine-page white paper in a Sept. 18 X post.

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Bitcoin’s adoption trajectory will largely depend on future macroeconomic and geopolitical concerns, according to BlackRock.
Bitcoin rallied nearly 6% after the world’s largest asset manager issued a white paper highlighting the digital asset’s potential as a hedge against monetary and geopolitical risks.BlackRock published a Bitcoin (BTC) white paper on its appeal to investors as a “unique diversifier” that is detached from traditional fiscal and geopolitical risks.The Bitcoin price bottomed out shortly before senior Bloomberg ETF analyst Eric Balchunas shared the nine-page white paper in a Sept. 18 X post.Read more