finance
BlackRock CEO says Bitcoin shows more stability, remains bullish for next year
BlackRock's chief executive told CNBC he no longer sees excessive leverage in bitcoin and crypto markets. He described current price levels as more stable and said he is very bullish on the market over the next 12 months.
Jul 15, 4:18 PM·1m read2 sources
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BlackRock's chief executive told CNBC that bitcoin now shows more stability at current price levels. The executive added that he is no longer concerned about excessive leverage in bitcoin and crypto markets.
Market outlook He stated he is very bullish on the market over the next 12 months. The comments came from the head of the $15 trillion asset manager.
Context on bitcoin leverage Earlier reporting had raised questions about leverage in crypto markets. The executive's latest remarks indicate those concerns have eased. No specific numerical targets or policy changes were mentioned in the remarks.
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CorroborationLimited · 2 sources
