Bitcoin is poised for significant growth as President-elect Donald Trump takes office, according to BlackRock’s ETF chief, Samara Cohen. She believes that upcoming deregulation and innovation in cryptocurrency, particularly with stable coins and new financial legislation, will boost Bitcoin’s Market presence. The iShares Bitcoin Trust, led by Cohen, has already seen impressive gains since its launch, surging 114% since January 2024. However, she cautions investors about the inherent risks of Bitcoin, noting the need for a strong tolerance for volatility. Additionally, BlackRock has partnered with CBOE Canada to launch its Bitcoin ETF, while other firms like Calamos Investments are also entering the cryptocurrency Market with innovative products.
As Bitcoin ETFs mark their second anniversary, the cryptocurrency Market is buzzing with anticipation. According to Samara Cohen, the Chief Investment Officer at BlackRock, Bitcoin is poised for significant growth, especially under the leadership of President-elect Donald Trump. Cohen’s insights come as part of her commentary on CNBC’s “ETF Edge,” where she discussed the potential impact of cryptocurrency deregulation on Bitcoin’s value.
Cohen, who has been instrumental in launching the iShares Bitcoin Trust (IBIT), mentioned that the ETF has already seen a substantial uptick, gaining 114% since its January 2024 debut. Excitingly, Bitcoin recently traded above the $100,000 mark, highlighting the increased interest in the cryptocurrency space.
Key factors that Cohen believes will fuel Bitcoin’s rise include advancements in legislation, such as the Financial Innovation and Technology for the 21st Century Act (FIT21), and progress on stable coins. She emphasized that while Bitcoin shows promise, investors should prepare for volatility. “Bitcoin is a risky asset,” Cohen cautioned. “Investors should expect fluctuations in its price, especially as the Market evolves.”
In addition to BlackRock’s initiatives, Calamos Investments is also stepping into the cryptocurrency arena, planning to launch its Bitcoin Structured Alt Protection ETF soon. This product is being touted as the world’s first 100% downside protected Bitcoin ETF, indicating a growing interest from traditional finance in the crypto sector.
Bitcoin investors might find this to be an exciting yet challenging time. With innovation and regulatory clarity on the horizon, the future of Bitcoin appears brighter, paving the way for further adoption and potential price increases.
Tags: Bitcoin ETFs, Cryptocurrency, BlackRock, Financial Deregulation, Volatility
What does BlackRock predict for the future of crypto?
BlackRock predicts that the crypto Market will see another historic year ahead. They believe there will be strong growth and more interest from both individual and institutional investors.
Why is BlackRock’s prediction important?
BlackRock is one of the biggest investment firms in the world. Their predictions can influence other investors and the overall Market because they’re seen as a leader in finance.
What factors are driving this growth in crypto?
The growth in crypto is driven by increased acceptance, more regulatory clarity, and advancements in technology. Many people see crypto as a valuable investment opportunity.
How can I invest in crypto as an individual?
You can invest in crypto through online exchanges or by using investment apps. Make sure to do your research and understand the risks involved before you invest.
What should I know before investing in crypto?
Before you invest in crypto, it’s important to learn about different cryptocurrencies, Market trends, and risks involved. Always invest only what you can afford to lose.
