BlackRock is dabbling in Bitcoin
The largest asset management firm, BlackRock is dabbling in Bitcoin investment. In the recent announcement, BlackRock said they might get into Bitcoin for futures trading in the next few months.
BlackRock has been teasing cryptocurrency products for some time. Last year, BlackRock posted an open position for a “Vice President, Blockchain Lead,” suggesting new interest in cryptocurrencies.
Digital currency such as cryptocurrency has gained popularity among the Millennial investors. Recently, Tesla, Mastercard and Paypal also announced their interest into Bitcoin and cryptocurrency. This caused Bitcoin prices up 20% again.