📈 $14T BLACKROCK JUST SAW ITS BIGGEST BTC OUTFLOW EVER
BlackRock deposited 7,432 $BTC ($446M) into Coinbase Prime, marking its largest single-day net Bitcoin outflow on record in BTC terms.
It also moved 8,150 $ETH worth about $13M.
This comes after its spot BTC ETF $IBIT saw $1.3B in outflows last week, its 2nd-largest weekly redemption since launch.
Bespoke data suggests the average IBIT investor is now down around 40%.
🚨VANECK: BITCOIN COULD HIT $1M IN 5 YEARS
VanEck’s Matthew Sigel says Bitcoin may reach $1 million within roughly five years.
He compared $BTC adoption to the video game industry, arguing adoption keeps expanding across generations and institutions.
@cryptovios1@vasichar251970 And logically the quantum narrative would run and we would print profits from worthless coins. I believe, John, that in the next cycle it will be one of the narratives.