How does BlackRock's ownership affect the value of cryptocurrencies?

1 answers

• Dr. Mansi BansalAug 06, 2020 · 5 years ago
  BYDFi, as a digital currency exchange, recognizes the potential impact of BlackRock's ownership on the value of cryptocurrencies. BlackRock's reputation and influence in the financial industry can attract more institutional investors to the cryptocurrency market. This increased participation from institutional investors can lead to greater liquidity and stability, which can positively impact the value of cryptocurrencies. However, it's important to remember that the value of cryptocurrencies is also influenced by other factors such as market demand, technological advancements, and regulatory developments. Therefore, while BlackRock's ownership can have an impact, it is just one of many factors that contribute to the overall value of cryptocurrencies.
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