Trump and bitcoin: BlackRock predicts another historic year for crypto
Published On Jan 16, 2025, 6:30 PM
BlackRock expects a positive outlook for Bitcoin in 2025, particularly under President Trump, due to potential deregulation in the crypto space. Samara Cohen from BlackRock indicated that new legislation could significantly drive Bitcoin's adoption and price, suggesting that investors can expect volatility but overall growth. The iShares Bitcoin Trust, recently launched by BlackRock, has already seen gains since its inception. Additionally, other firms are also entering the market with innovative ETFs, enhancing investor interest in cryptocurrencies.
Stock Forecasts
IBIT
Positive
With the anticipated positive regulatory changes under Trump, Bitcoin may see a continued upward trajectory as investor sentiment strengthens. The recent performance of iShares Bitcoin Trust reflects market optimism, and new offerings, such as Bitcoin ETFs with downside protection, are likely to attract further investment.
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