I think why BlackRock’s CEO is so optimistic about the next 12 months isn’t because he can predict that BTC will definitely go up in the future.

It’s because he sees that over the past year, the entire crypto market has been undergoing a very big change:

More and more institutional funds are coming in, more and more regulatory policies are being loosened, and the whole market is gradually moving toward the mainstream financial system.

Recently, everyone should also have noticed that more and more similar news is appearing:

The SEC keeps refining ETF and options trading rules;
More and more listed companies are starting to allocate BTC;
Wall Street institutions are rolling out crypto-related products one after another.

Individually, these pieces of news may have limited impact, but taken together, they share one common thread:

The barriers for institutions to enter the crypto market are lowering, and the channels for participation are becoming increasingly better.

So what BlackRock’s CEO is truly bullish on may not be how much BTC will rise over the next 12 months, but that over the next 12 months, more institutional funds may continue to flow into this market.

For any market, the biggest positive catalyst has never been a single remark that it’s “bullish,” but rather the growing number of long-term funds that are willing to come in. #韩国KOSPI暴跌5%触发熔断