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BlackRock Backs ‘Strategic Bitcoin Reserve’ Satoshi Act, CEO Confirms

Bitcoinist LogoBitcoinist13h ago

BlackRock Backs ‘Strategic Bitcoin Reserve’ Satoshi Act, CEO Confirms - Bitcoinist

Quick Summary:

With President-elect Donald Trump’s recent commitment to using Bitcoin as a strategic reserve asset for the United States, speculation regarding the timing and feasibility of this initiative has intensified within the crypto industry.

In parallel with these developments, BlackRock released a report indicating a renewed optimism surrounding regulatory clarity for Bitcoin and digital assets, particularly following the recent US elections.

Robbie Mitchnick, Head of Digital Assets at BlackRock, highlighted that while Bitcoin’s long-term adoption will largely be driven by its fundamental use case as a global monetary alternative, other factors, such as declining real interest rates, may also be catalysts for its increased acceptance.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 17:36:07 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23703293

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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