Articles for tag: Adam Back, Bitcoin, BlackRock, Blockchain, Cryptocurrency, Financial news, Supply Cap

December 20, 2024

Is Bitcoin’s 21 Million Cap Safe? Insights from Adam Back on the Future of Bitcoin and Its Scarcity.

Blockstream CEO Adam Back has addressed recent concerns about Bitcoin’s supply limit amid discussions involving financial giant BlackRock. Back, recognized for his role in Bitcoin’s early development, reassured the community that the cryptocurrency’s scarcity, capped at 21 million coins, remains intact. This reassurance comes after MicroStrategy’s Michael Saylor shared a video from BlackRock that included ...

December 20, 2024

Market News

Crypto

BlackRock’s Controversial Bitcoin Video: Claims of Changing BTC Supply Sparks Outrage in Crypto Community

BlackRock is facing backlash over a video suggesting that Bitcoin’s supply limit of 21 million could potentially be altered. The video, which promotes BlackRock’s iShares Bitcoin Trust ETF, emphasizes Bitcoin’s features but includes a disclaimer stating that there is no guarantee against changes to its supply cap. This sparked criticism from the Bitcoin community, which ...

December 20, 2024

Market News

Crypto

BlackRock’s Controversial Bitcoin Video: Claims of Changing BTC Supply Sparks Outrage in Crypto Community

BlackRock is facing backlash over a video that implied Bitcoin’s fixed supply of 21 million could potentially be altered. This video, shared widely online, was part of BlackRock’s promotion for its iShares Bitcoin Trust ETF and highlighted Bitcoin’s features, although it contained a disclaimer about the supply cap. Critics from the Bitcoin community, including MicroStrategy’s ...

December 20, 2024

Market News

Crypto

BlackRock’s Bitcoin Ad Sparks Controversy Among Bitcoin Enthusiasts – Here’s Why They Dislike It

BlackRock, the world’s largest asset manager, has released a new advertisement promoting Bitcoin, but it’s sparked a backlash among Bitcoin advocates. The video, found on BlackRock’s iShares Bitcoin Trust ETF page, discusses Bitcoin’s value, highlighting its 21 million token supply. However, it includes a controversial disclaimer stating that there’s no guarantee this supply cap won’t ...

December 20, 2024

Market News

Crypto

BlackRock’s Controversial Bitcoin Ad Sparkles Backlash from Bitcoin Community: What You Need to Know

BlackRock, the world’s largest asset manager, recently released an advertisement promoting Bitcoin and its potential as an investment. However, the Bitcoin community has expressed discontent over the ad, particularly due to a disclaimer that suggests the 21 million supply cap of Bitcoin could change. This disclaimer, which appears briefly in the video, has raised alarms ...

December 19, 2024

Market News

Crypto

BlackRock Disrupts Bitcoin Market: What Hidden Insights Are Being Overlooked?

Bitcoin has surged dramatically this year, largely due to BlackRock’s influence in the financial Market. After doubling in value since a dip in August, the excitement surrounding bitcoin is fueled by prominent figures like former President Donald Trump and Elon Musk, who discuss its potential integration and concerns over the U.S. dollar. BlackRock’s recent video ...

December 19, 2024

Market News

Crypto

BlackRock Video Sparks New Debate on Bitcoin’s Scarcity and Future Value in Cryptocurrency Market

A recent video from BlackRock has sparked a heated discussion about Bitcoin’s fixed supply of 21 million units. While the video highlights this cap as a key advantage for Bitcoin as a valuable asset, it also adds a disclaimer suggesting this limit could change in the future. Prominent figures like Michael Saylor have stressed the ...

December 17, 2024

Market News

Crypto

High Volume Put Options Surge for BlackRock’s Bitcoin ETF: What the $30-$35 Levels Mean for Investors

Recent activity in put options for BlackRock’s Nasdaq-listed spot bitcoin ETF (IBIT) has raised eyebrows, with more than 13,000 contracts for $30 out-of-the-money puts being traded. Despite this surge, experts suggest that this may not indicate a bearish outlook. Much of the trading volume reflects a strategy called “cash-secured put selling,” where traders aim to ...

December 16, 2024

Market News

Crypto

Grayscale Bitcoin Trust ETF Faces Over $21 Billion Outflow: Insights and Implications for Crypto Investors

The Grayscale Bitcoin Trust (GBTC) is facing significant challenges, experiencing massive outflows that far exceed those of other Bitcoin ETFs. While GBTC has lost over $21 billion since becoming a spot ETF in January 2024, BlackRock’s iShares Bitcoin Trust (IBIT) has surged ahead, attracting nearly $36 billion in inflows. This shift highlights a competitive landscape ...

December 16, 2024

Market News

Crypto

BlackRock’s Bitcoin and Ethereum ETF Achieve New Milestones: What Investors Need to Know

The cryptocurrency Market is experiencing significant change, fueled by increasing interest from institutional investors, particularly in Bitcoin and Ethereum. BlackRock is leading the charge by developing dedicated financial products, with their Bitcoin fund, IBIT, surpassing $54 billion in assets under management, and their Ethereum fund, ETHA, nearing $4 billion. This indicates a vast, untapped demand ...