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/ latest / 2018/07 / blackrock-worlds-the-greatest-badet-manager-says-to-be-in-thinking-in-crypto /
BlackRock, the Largest Manager of badets of the world, considered entering Crypto
BlackRock-worlds-plus-large-badet-manager-told-to-be-account-in-crypto
BlackRock (NYSE: BLK ), the world's largest badet manager, with approximately $ 5.4 trillion of badets under. On February 26, 2018, BlackRock, in its Global Weekly Commentary, made the following conclusion about the " crypto craze ":
We believe that cryptocurrencies will potentially become more widely used in the future as markets mature. Yet for now, we believe that they should only be considered by those who can withstand potentially complete losses.
Now, however, London-based Financial News says that, according to people close to the record, BlackRock, "has created a team" blockchain ", and that working group" will consider whether BlackRock should invest in contracts Bitcoin futures "and will look" what BlackRock's competitors are doing with crypto-currencies and how could that be? "
If this story is true, it would be a huge turnaround for the company after its CEO, Larry Fink, at a meeting of the Institute of International Finance (IIF), October 13, 2017, called Bitcoin "Bitcoin shows you how much demand for money laundering exists in the world … That's all. "
Fink's comments came on the day when Jamie Dimon, president and CEO of JPMorgan Chase, said that people who buy bitcoin are "stupid":
"If you're stupid enough to say" buy, you will pay the price one day … The only bitcoin value C is what the other guy will pay for that … Honestly, I think that there is Chances are good that buyers are out there to cheer them on every day, maybe you'll buy it too and take them out. "19659007] Here's what Ran NeuNer, CNBC's Crypto Trader Facilitator Africa, tweeted about BlackRock news potentially entering crypto:
The difference between a future and an ETF is that an ETF has to buy the underlying withdraw liquidity from the market.
When the world's largest ETF company looks at Crypto and the SEC has no real reason to block the next ETF, it could be a bit exciting: //t.co/eFAYwnGdyN– Ran NeuNer (@cryptomanran) July 16, 2018
According to a Financial Times article, "BlackRock's iShares ETF has recorded a new record of growth with net inflows of new investments of $ 246 billion in 2017, a 76% increase BlackRock expects global ETFs' badets to double by 2022 from current levels $ 4.5 billion. "
BlackRock manages badets for clients in North and South America, Europe, Asia, Australia and the Middle East and Africa. His clientele includes "private, public, labor and industrial pension plans, governments, insurance companies, mutual funds, foundations, charities, corporations, official institutions, funds sovereigns, banks and individuals. It employs approximately 13,000 people and has offices in 30 countries.
Image of the editor: Photo of "Thought Catalog" via Unsplash
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