Billionaire investor Bill Miller IV has projected that allocating just 1% of the $60 trillion in global retirement funds to Bitcoin could increase the cryptocurrency's price by $30,000, describing a 2% allocation as conservative. This highlights the potential impact of institutional capital on Bitcoin's market value. In parallel, Cantor Fitzgerald increased its Bitcoin exposure by $120 million in the second quarter, adding to the growing institutional interest. BlackRock is leading the tokenized fund space with its $2.4 billion BUIDL fund, and its CEO Larry Fink stated that the Bitcoin exchange-traded fund (ETF) is the fastest-growing ETF in history, reflecting surging investor demand. BlackRock’s iBit fund has also become the largest known Bitcoin holder excluding Satoshi Nakamoto, currently holding approximately 781,000 BTC, surpassing Coinbase's 703,000 BTC and Binance's 558,000 BTC holdings. These developments underscore the accelerating institutional adoption and growing market influence of Bitcoin.
BLACKROCK’S IBIT HAS BECOME THE LARGEST KNOWN BITCOIN HOLDER (EXCLUDING SATOSHI). THEY NOW HOLD AROUND 781K $BTC, SURPASSING COINBASE (~703K) AND BINANCE (~558K). Source: @CryptosR_Us https://t.co/52Z12pp6BU https://t.co/bkMQMtguCj
BLACKROCK CEO LARRY FINK SAYS BITCOIN ETF IS THE FASTEST-GROWING ETF IN HISTORY BlackRock’s CEO Larry Fink stated that the Bitcoin ETF has become the most rapidly growing exchange-traded fund ever, underscoring the surging demand and investor interest in Bitcoin exposure through https://t.co/Q0TaXrS8Aa https://t.co/Tc7JDUfaIS
BLACKROCK’S LARRY FINK: "THE BITCOIN ETF IS THE MOST RAPIDLY GROWING ETF EVER." Source: @BTC_Archive https://t.co/O9e9hCfeyf https://t.co/g5WZy9w21M