Just now, the head of the world's largest asset management company publicly admitted defeat—the same BlackRock CEO who once called Bitcoin a "money-laundering tool" has now personally acknowledged: I was wrong back then.
This is no small matter. Do you know what this big shot's attitude toward cryptocurrency used to be? He couldn't wait to trample it into the ground. Now, with a sudden 180-degree turn, the signals behind this move are worth pondering.
The top players in traditional finance are starting to bow their heads—what does this mean? The value of Bitcoin is now on the table, and even the most conservative group has seen it clearly. They're not here just to test the waters; they're coming in with real money, ready to take root for the long term.
Impact on the market? In the long run, this is definitely a confidence boost. When major institutions speak out, it will drive more traditional capital to feel "this thing is reliable" and gradually enter the market. But in the short term? The sentiment is already hot enough. Don't get carried away and go all-in just because of the news—volatility could come at any time.
What should regular investors do? Stay calm—don't go all in just because of a piece of news. Hold onto your core positions—don't get scared off by fluctuations. Treat this as a wind vane—even the staunchest opponents have turned around, isn't the trend becoming clearer?
Honestly, this kind of high-level "admission of error" is more convincing than any marketing. The direction is already clear. What you need to do now is sit tight and don't get thrown off the ride during the bumps.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
3
Repost
Share
Comment
0/400
LeverageAddict
· 12-04 04:49
BlackRock's capitulation this time is truly remarkable. Once the biggest opponent, it has now become the biggest driving force. This is exactly the trend reversal I was anticipating.
View OriginalReply0
ShibaOnTheRun
· 12-04 04:46
Damn, even BlackRock has bowed down. Now traditional finance really can't just stand by and watch.
View OriginalReply0
potentially_notable
· 12-04 04:40
BlackRock played this move brilliantly. Even their former rivals now have to bow their heads. This is probably the best proof that BTC has already won.
Just now, the head of the world's largest asset management company publicly admitted defeat—the same BlackRock CEO who once called Bitcoin a "money-laundering tool" has now personally acknowledged: I was wrong back then.
This is no small matter. Do you know what this big shot's attitude toward cryptocurrency used to be? He couldn't wait to trample it into the ground. Now, with a sudden 180-degree turn, the signals behind this move are worth pondering.
The top players in traditional finance are starting to bow their heads—what does this mean? The value of Bitcoin is now on the table, and even the most conservative group has seen it clearly. They're not here just to test the waters; they're coming in with real money, ready to take root for the long term.
Impact on the market? In the long run, this is definitely a confidence boost. When major institutions speak out, it will drive more traditional capital to feel "this thing is reliable" and gradually enter the market. But in the short term? The sentiment is already hot enough. Don't get carried away and go all-in just because of the news—volatility could come at any time.
What should regular investors do?
Stay calm—don't go all in just because of a piece of news.
Hold onto your core positions—don't get scared off by fluctuations.
Treat this as a wind vane—even the staunchest opponents have turned around, isn't the trend becoming clearer?
Honestly, this kind of high-level "admission of error" is more convincing than any marketing. The direction is already clear. What you need to do now is sit tight and don't get thrown off the ride during the bumps.