According to @PANewsCN, BlackRock CEO Larry Fink said that if one believes countries will continue to debase their currency, they would hold crypto assets. According to Fox Business (July 2023), Fink has previously described Bitcoin as digitalizing gold, reinforcing its hedge narrative for investors. Per CNBC (Jan 2024), he also called BTC an international asset following the U.S. approval of spot Bitcoin ETFs. According to the U.S. SEC (Jan 2024), multiple spot BTC ETFs were approved, enabling institutional access via funds such as BlackRock’s iShares Bitcoin Trust (IBIT), a key channel traders can monitor for allocation flows.

According to Crypto Rover, Bitcoin stands as a unique asset that cannot be debased, unlike traditional fiat currencies that are subject to central bank inflationary practices. This realization by certain countries could stimulate demand and sustain the current bull market in cryptocurrencies. (Source: Twitter @rovercrc)