Bitcoin $90,023.99 -1.37%
Ethereum $3,076.39 -3.21%
BNB $618.40 -1.76%
Optimism $1.71 -3.09%
Arbitrum $0.68 -4.37%
Solana $231.76 +7.28%
Polygon $0.40 -3.87%
Cosmos $5.73 -1.26%
Avalanche $35.30 +0.29%

Bitcoin $90,023.99 -1.37%
Ethereum $3,076.39 -3.21%
BNB $618.40 -1.76%
Optimism $1.71 -3.09%
Arbitrum $0.68 -4.37%
Solana $231.76 +7.28%
Polygon $0.40 -3.87%
Cosmos $5.73 -1.26%
Avalanche $35.30 +0.29%

Retail Investors Will Drive Significant Bitcoin Price Surges, Says Fireblocks CEO

June 27 (Cointime) - According to Michael Shaulov, CEO of institutional custody platform Fireblocks, while a BlackRock spot Bitcoin ETF will bring in new institutional money, it will be retail investors who drive significant price surges.

Shaulov notes that institutional involvement in crypto may not necessarily lead to rocketing prices, as institutions are able to acquire BTC slowly and without moving the price.

Shaulov believes that any mass buy-up of Bitcoin should end up moving the needle due to its finite supply, and he personally sees Bitcoin as the "ultimate insurance asset" disconnected from the government.

Bitcoin $90,023.99

-1.37%

BlackRock Bitcoin ETF

Original Link

Comments

All Comments

Recommended for you

Real Vision founder: I agree with Michael Saylor's view that BTC will become the base layer of multiple assets

Raoul Pal, former Goldman Sachs executive and founder of macro research firm Real Vision, posted on X stating: "So it looks like Michael Saylor and I have come to a consensus again. I also believe that BTC is a pristine asset. He also believes that tokenization of all assets, cultures, etc. will occur, and they are not the same as each other. Ultimately, there will be a variety of assets based on the BTC underlying layer."
MN Trading founder: Still satisfied with the decision to invest in altcoins, focusing on long-term investment

Michaël van de Poppe, the founder of MN Trading, stated in a post on X that he is still satisfied with his decision to hold all altcoins. This topic has sparked a lot of criticism and feedback, which is good. Everyone has different strategies. I invest in these assets for the long term, and some have not yet yielded profits. My argument has not changed.
Placeholder Partner: Narrow investor attitudes swing based on the performance of the tokens they hold. To avoid this problem, you need to go long on high-quality tokens

Placeholder partner Chris Burniske wrote in a post on X that "narrow-minded investors often behave fairly when their tokens perform well. Then, when their tokens perform relatively poorly, they remain silent or deal with it hastily...This situation is seen in every cycle. The key to avoiding this pathological situation is to go long on all high-quality tokens."
China and Peru agreed to strengthen cooperation in the digital economy and other fields and promote the development of exponential technologies such as AI and blockchain

the joint statement between the People's Republic of China and the Republic of Peru on deepening their comprehensive strategic partnership states that both sides agree to strengthen cooperation in the fields of digital economy, technological innovation, digital transformation, technology personnel exchange, technology transfer, digital security, etc., and promote the development of exponential technologies such as artificial intelligence, robotics, the Internet of Things, blockchain, data analysis, nanotechnology, and telemedicine.
CryptoQuant founder: Meme coins currently dominate because most altcoins lack fundamental narratives

Ki Young Ju, founder and CEO of CryptoQuant, wrote on X platform that cryptocurrency traders are like gamers, and Web3 projects are their game developers. Creating immersive experiences in Web3 is more about art than business, and for dopamine-driven individuals, making money is the ultimate game. Currently, meme coins dominate because most altcoins lack a strong fundamental narrative, but a stablecoin-driven Web3 ecosystem is emerging - this is a new genre for analytical investors, just as RPGs are different from FPSs. This future is already close, and those who are eager to delve into it and find alpha through on-chain data.
Court agrees to suspend appeal in Trump's classified documents case

on the 16th local time, the United States Federal Appeals Court approved Special Prosecutor Smith's request to suspend the appeal of the case involving U.S. President-elect Trump's confidential documents. This is part of Smith's gradual end to the two cases against Trump, as the U.S. Department of Justice has long-standing policy of prohibiting criminal prosecution of a sitting president. Since Trump won the 2024 U.S. presidential election and will assume the presidency in January 2025, Smith said he requested a suspension of the appeal "so that the government has time to assess this unprecedented situation and determine the appropriate path in line with the Department of Justice's policy."
Cointime July 27th News Express

1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.
As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.

BlackRock's official update on the Bitcoin ETF shows that as of July 25th, the market value of IBIT has reached $21,890,121,436.41, and the position has increased to 338,128.5551 BTC, an increase of 1,092.7881 BTC from the previous trading day.
Cointime July 20th News Express

1. BlackRock IBIT saw a total net inflow of $705 million this week
BlackRock IBIT saw a total net inflow of $705 million this week

TraderT monitored that Belad IBIT had a net inflow of 1,730 BTC yesterday, with a trading volume of 1.8 billion US dollars. In the 28th week since its listing, IBIT has accumulated a net inflow of 705 million US dollars.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

March 27 - March 27

Seoul

Recently Searched

Hot Coins

Trending

Daily Must-Read

Welcome Back

Join CoinTime

Sign in with email

Sign up with email

Check your inbox

Retail Investors Will Drive Significant Bitcoin Price Surges, Says Fireblocks CEO

All Comments

Recommended for you

Real Vision founder: I agree with Michael Saylor's view that BTC will become the base layer of multiple assets

MN Trading founder: Still satisfied with the decision to invest in altcoins, focusing on long-term investment

Placeholder Partner: Narrow investor attitudes swing based on the performance of the tokens they hold. To avoid this problem, you need to go long on high-quality tokens

China and Peru agreed to strengthen cooperation in the digital economy and other fields and promote the development of exponential technologies such as AI and blockchain

CryptoQuant founder: Meme coins currently dominate because most altcoins lack fundamental narratives

Court agrees to suspend appeal in Trump's classified documents case

Cointime July 27th News Express

As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.

Cointime July 20th News Express

BlackRock IBIT saw a total net inflow of $705 million this week

Daily Must-Read

Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report

Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022

Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion

$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery

Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs

Why is Solana's Dogwifhat (WIF) memecoin crashing?

Popular Activities

Delysium $AGI & AI Private Yacht Party

Popular Tags

Share