Larry Fink, CEO of the largest asset manager in the world, BlackRock, is bullish on the BTC price and the future of Bitcoin.
During a conversation with value investor and Bitcoin enthusiast Mike Alfred, BlackRock CEO Larry Fink once again indirectly conveyed his bullish stance on Bitcoin.
Larry Fink responded to a question about the future value of Bitcoin by asking, “What is the value of human freedom?”
Fink’s assertion that Bitcoin’s value equates human liberty demonstrates his optimism and confidence regarding Bitcoin’s future.
The remark was made after the SEC recently initiated productive discussions with Bitcoin ETF issuers on various considerations for the potential approval of Bitcoin ETFs.
Eric Balchunas and Seyffart, analysts at Bloomberg, increased the likelihood of Bitcoin ETF approval to 90%.
The Grayscale decision has established an essential precedent for the approval of a spot Bitcoin ETF.
Bloomberg analysts and executives Mike Novogratz and Cathie Wood anticipate the launch of Bitcoin ETF this year.
However, JPMorgan’s report on the likelihood of the SEC approving a Bitcoin ETF this year ignited bullish sentiment in the global cryptocurrency market.
The recent optimistic market sentiment brings Bitcoin close to $31,000.
Meanwhile, traders anticipate a continuance of the trend as BTC gains upward momentum, with solid chart patterns and indicators indicating further gains.
The current BTC price, $30,700, is up nearly 2% in the past 24 hours and over 10% in the past week.
Nevertheless, the 24-hour minimum and maximum values are $2,970 and $30,951, respectively.
In addition, the trading volume has increased by 20% over the past 24 hours.
