🕯 #BlackRock in a new report called #BTC a unique asset for diversification

The #Bitcoin-#ETF is positioned as a hedging tool against fiscal, monetary, and geopolitical risks. The key point is the irregular correlation of #BTC with the U.S. stock market and the resilience of digital gold to market fluctuations caused by panic.

📈 Notably, the report also includes a section titled "Bitcoin’s Path to a $1 Trillion Market Capitalization."

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📈 Historically negative September brought Bitcoin an 8% increase

Today, #BTC broke the $64,000 level, where it last traded on August 26. Experts cite the recovery of the U.S. stock market after the Fed's rate cuts and the Bank of Japan's decision to maintain its rates as the main drivers of the growth.

🕯 The current situation with cryptocurrencies is developing according to the classic scenario: the dollar index is falling, but high-risk assets are rising, benefiting from increased liquidity.

#ETF also saw capital inflows, with over $158 million added yesterday, signaling positive sentiment among institutional investors.

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