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

Instead, it’s because he has seen that over the past year, the entire crypto market has been undergoing a very major change:
More and more institutional capital is entering, more and more regulatory policies are being relaxed, and the whole market is gradually moving toward mainstream financial systems.
Recently, you should also have noticed that there are increasingly more similar developments:
The SEC is continuously 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.
Taken individually, these pieces of news may have limited impact, but taken together, there’s a common theme:
The threshold for institutions to enter the crypto market is lowering, and the channels for participation are becoming more and more complete.
So what BlackRock’s CEO is truly bullish on may not be how much BTC will rise in the next 12 months, but rather that over the next 12 months, more institutional capital may continue to flow into this market.
For any market, the biggest positive catalyst is never just a single “bullish” remark, but rather the growing willingness of long-term funds to come in. #夏日创作营