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TechFlow, May 20 — According to Bloomberg senior ETF analyst Eric Balchunas, BlackRock's current Bitcoin holdings rank second only to Satoshi Nakamoto, reaching 57% of Satoshi's holdings.
Balchunas expects that, based on current trends, BlackRock could become the world's largest Bitcoin holder by the end of next summer. He added that if Bitcoin reaches $150,000 in the coming months, a buying frenzy from investment advisors might accelerate this process.
According to Bloomberg senior ETF analyst Eric Balchunas, BlackRock's current Bitcoin holdings are second only to Satoshi Nakamoto, reaching 57% of the latter's holdings. Balchunas expects that, based on current trends, BlackRock could become the world's largest Bitcoin holder by the end of next summer at the earliest. He added that if Bitcoin's price reaches $150,000 in the coming months, a buying frenzy from investment advisors could accelerate this process.
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