Crypto
What’s behind the Trump family’s new crypto venture?
“You can literally sell s*** in a can, wrapped in piss, covered in human skin, for a billion dollars if the story’s right, because people will buy it.”
So said internet marketer and self-professed “dirtbag” Chase Herro from the driver’s seat of his Rolls-Royce in a 2018 YouTube video, according to Bloomberg News.
Six years later, Herro is one of the brains behind a new cryptocurrency venture backed by none other by Donald Trump and his three sons. The elder sons Don Jr and Eric are leading the promotion, although supposedly it is 18-year-old Barron who will serve as the project’s “visionary”.”
In a live broadcast on the social network X on Monday night, Don Jr billed the project – known as World Liberty Financial (WLF) – as “the start of a financial revolution”, while Eric said it would challenge the power of big traditional banks by making crypto as smoothly hospitable to ordinary Americans as one of the Trumps’ famous hotels.
“If there’s one contribution I want to make to the world of crypto, it’s actually making it user-friendly,” said Eric.
“We better damn well embrace [crypto] as a country, because it’s coming,” Eric continued. “And the people who are ignoring it – the people who don’t want to figure it out, who don’t want to make the effort – they’re going to be left behind.
“But at the same time, it’s truly our job to make it understandable… we have to make it intuitive. We have to make it user-friendly. And we will.”
How WLF actually plans to do that, and indeed what exactly WLF is, remained mysterious even at the end of the two-hour livestream.
But based on what little we know so far, crypto experts interviewed by The Independent were skeptical that the Trumps would protect its users from the scammers and criminals who swarm through the cryptocurrency ecosystem (related: Donald Trump, his older sons and the Trump Organization have been ordered to pay $454m for a civil suit in New York related to financial fraud).
But can the Trumps and their business partners achieve what many in the industry have struggled for years to do and achieve Eric’s goal of making crypto understandable and accessible?
“You’ve got tens of thousands of people that have raised billions and billions of dollars, that are all trying to solve that problem: how do I make my crypto transactions as easy as my transactions on my credit card?” says Zach Hamilton, a longtime crypto venture capitalist and founder of the crypto-powered document storage firm Cache Legal.
“It’s an incredibly hard problem to solve… I don’t really want to speculate on if it could be successful or not, because it doesn’t exist yet. Maybe they’ve got some secret sauce; I doubt it.”
‘We went from elite to just totally cancelled’
As Don Jr told it, his eyes were opened to the world of cryptocurrency and “decentralized finance” – or DeFi for short – when conventional banks withdrew services from the Trump family due to their political activities.
“We went from being the elite in that world to just being totally canceled, and it changed our perspective so much,” he said on Monday. “When you really look at the way our founding fathers set everything up, I think DeFi is what they would envision – not a broken, bureaucratized system where a bunch of middlemen are getting pieces for doing nothing.”
These and other statements from people involved with WLF, and leaked draft documents obtained by the crypto news site CoinDesk, suggest that WLF wants to build a decentralized crypto borrowing and lending system.
In traditional finance, transactions are executed and verified by a small number of powerful institutions such as banks or credit card companies. When you send ordinary money (called fiat money) across national borders, no currency actually moves; rather, the sending and receiving institutions simply agree to adjust their records of what you own and where.
Cryptocurrencies, like bitcoin and ethereum, are different. They are essentially software networks running simultaneously on many computers around the world, which execute transactions collectively by working together to verify each other’s identity and check each other’s math.
In principle, that means no government agent or bank employee can ever block or reverse a crypto transaction. The big exception is cryptocurrency exchanges (such as Coinbase and Binance) that let you convert fiat money into crypto or vice versa, which are consequently required to follow banking law in most major economies.
But WLF probably isn’t building an exchange, according to Zach Hamilton. Those are too expensive and too difficult to set up. Instead he suspects they will modify (or “fork”) an existing crypto lending protocol such as Aave, which uses self-enforcing “smart contracts” to execute and collect loans without any human oversight.
This is not a new idea. “There are a number of prominent DeFi borrowing and lending platforms that have operated for years in crypto, that were built by very well respected teams, where the resilience of the smart contracts and technology has been proven by their durability and popularity,” says Gareth Rhodes, a lawyer and former New York market regulator who now advises finance tech start-ups. “It’s an open question [what] WLF will add in terms of user experience or technology capabilities.”
In that regard, the WLF team’s track record is hardly promising. Although all four Trumps were given job titles in the draft white paper obtained by CoinDesk, it stressed that they will not own or manage WLF but may receive financial benefit from it.
The real managers appear to be Herro and another businessman named Zachary Folkman, who are both listed, are best known for a previous DeFi lending system called Dough Finance. After attracting a few million dollars in transactions, it was hacked and had $2m stolen in July and is now reportedly inactive.
According to a profile by Bloomberg News, Herro made his money through a string of internet marketing and coaching schemes, some of which appeared to flout Facebook’s advertising rules, while Folkman is a former pick-up artist who ran a seminar series called Date Hotter Girls.
Neither Rhodes nor Hamilton said they had heard of Herro or Folkman. And none of the dozen-plus digital asset investors asked by Bloomberg had heard of them either. WLF and the Trump Organization did not respond to requests for comment.
Still, Hamilton says WLF does have one good asset. Forking a lending protocol like Aave is the easy part; that can be done “in an afternoon”, from anywhere around the world The harder thing is to bring enough people into the service, and enough money, to provide the level of liquidity that will actually allow it to function as a market.
“The one thing the Trump Organization has is the biggest megaphone in the world. Anything those people do will be covered ad nauseam by the media,” says Hamilton. “You have to get people’s eyes on what you’re doing, and you have to convince them to move money.”
Even this, however, is only one half of the challenge facing WLF.
‘This is for votes, nothing else’
Less than 24 hours after Monday’s livestream, the crypto lawyer and security expert Alexander Urbelis posted a list of no less than 41 fake web domains aping WLF’s address, likely from scammers looking to cash in on the hype.
Indeed, earlier this month the X accounts of Donald Trump’s daughter Tiffany Trump,30, and his daughter-in-law, Eric’s wife Lara Trump, were hijacked by apparent cybercriminals promoting a hoax WLF Telegram group, offering up to $15,000 worth of (doubtless illusory) cryptocurrency to anyone who connected a crypto wallet to their service.
These shenanigans underline how rife the crypto ecosystem still is with scams, fraud, and theft. Losses reported to the FBI swelled from just under $4bn to nearly $6bn between 2022 and 2023.
“My industry is not being honest, with the government or the general public, about the scale of cybercrime,” says Rich Sanders, an independent crypto crime investigator who says he has spent the past two years busting Russian-affiliated crypto networks in Ukraine.
Criminals love crypto precisely because it skips traditional middlemen. Transactions are irrevocable, usually unblockable, and safe trading often requires significant technical savvy. Outside of “custodial” services such as Coinbase, which hold crypto on your behalf much like a traditional bank, nobody is going to save you if you make a mistake or fall for a scam. And while nearly all crypto transactions are publicly traceable, it’s sometimes tough to find out the real identity of a given recipient.
So if WLF wants to bring new, non-techie users into this risky world, how does it plan to protect them? “[With] security, you can never be perfect. You know, I think of security as more of a journey,” said WLF adviser Corey Caplan on Monday. “So it’s really important for not just myself but this whole team to remain nimble, adapt, continue to soak up new information like a sponge,”
Both Rich Sanders and Zach Hamilton said that there is a zero-sum trade-off between making crypto newbie-safe and idiot-proof while simultaneously refusing to serve as a middleman or keep custody of users’ currency.
“There’s nothing that WLF is doing that negates the reality that the consumer is going to be the one that holds the private keys. Because they can’t have consumer protection while being a non custodial service; both cannot be true,” said Sanders.
Yet both Sanders and Hamilton also said the impact would be limited because WLF is unlikely to actually attract many (or any) novices. Anyone choosing to use a decentralized lending protocol that cannot swap fiat money for crypto is already diving in at the deep end.
Instead, Sanders claims that the whole project is really just a ploy for Donald Trump to curry favor from the crypto community. “WLF itself is barely worth discussing; it is inevitable vaporware,” he says. “It doesn’t have a vision, doesn’t have a plan, doesn’t fulfil a need, doesn’t need to exist… this is for votes, nothing else.”
Indeed, when Trump visited a bitcoin bar in New York City and spoke to crypto enthusiasts about US monetary policy, crammed together with reporters under a low yet ornately tiled ceiling, it had the vibe of any other campaign stop.
That’s not to say it couldn’t backfire. Nic Carter, a well-known pro-Trump crypto entrepreneur, has appealed to the community to find some way of stopping WLF’s launch, arguing that any successful hack or government investigation could damage the former president’s election campaign.
Hamilton is more sanguine. He hopes that someone as controversial as Trump will at least draw the attention of regulators and force them to set clarifying precedents, illuminating what he describes as a still-murky legal landscape for crypto entrepreneurs.
Still, he adds that a WLF hack, while probably not very damaging economically, would be a big reputational hit to the crypto industry. “I hope they’re doing their security right. I hope they’ve got all their audits done correctly,” he says. If not, “it would make all of us look a little stupid.”
Crypto
Bitcoin, Cerebras IPO mania, and the SpaceX speculation angle traders are watching | investingLive
Bitcoin is trading near $81,750, up around 2.5% at the time of publication, after rising almost 3.5% from today’s open to its session high. The move comes on the same day that Cerebras Systems (CBRS) delivered one of the most aggressive AI IPO debuts of the year, reinforcing a broader risk-on mood across speculative technology assets.
Cerebras priced its IPO at $185 per share, raising about $5.55 billion by selling 30 million shares, according to Reuters. The stock began trading on Nasdaq under the ticker CBRS, opened sharply higher, and traded as high as $385, more than 100% above the IPO price. (Reuters)
That matters beyond the semiconductor sector. A debut like this tells traders that the market is still willing to pay extreme premiums for scarce AI-related growth assets. When that happens, the same speculative psychology can spread into adjacent themes: AI infrastructure, private-market mega-valuations, Elon Musk-linked companies, and sometimes Bitcoin.
Why does the Cerebras IPO matter for Bitcoin sentiment?
The direct link between Cerebras and Bitcoin is weak. Cerebras is an AI semiconductor company, not a crypto company. But the sentiment link is more interesting.
A 108% intraday IPO move suggests that investors are again rewarding high-growth, high-narrative assets. Bitcoin often responds well when markets move into a risk-on liquidity environment, especially when the leadership is coming from technology, AI, and speculative growth.
This does not mean the Cerebras IPO “caused” Bitcoin to rally. It means the IPO may be part of the same broader market condition: investors are willing to chase upside when the narrative is powerful enough.
How does SpaceX fit into the Bitcoin story?
The confirmed SpaceX-Bitcoin connection is simple: Elon Musk said in July 2021 that SpaceX owned Bitcoin. During “The B Word” event with Jack Dorsey and Cathie Wood, Musk said he personally owned Bitcoin, Tesla owned Bitcoin, and SpaceX owned Bitcoin. (CoinDesk)
However, there is no confirmed operational SpaceX-Bitcoin integration. SpaceX does not appear to use Bitcoin for launches, Starlink is not known to be built on Bitcoin rails, and there has been no confirmed public disclosure showing that Bitcoin is central to SpaceX’s business model.
The stronger factual connection is treasury exposure, not infrastructure.
A second important point is that in 2023, the Wall Street Journal reported that SpaceX had written down the value of its Bitcoin holdings by $373 million across 2021 and 2022 and had sold Bitcoin, based on internal financial documents reviewed by the publication. (The Wall Street Journal)
So the clean timeline is:
| Year | SpaceX and Bitcoin development |
|---|---|
| 2021 | Musk publicly says SpaceX owns Bitcoin |
| 2023 | Reports say SpaceX wrote down and sold Bitcoin exposure |
| 2025-2026 | Crypto-market speculation continues around possible wallet activity and Musk-linked payment infrastructure, but wallet attribution is not audited corporate confirmation |
Why is the SpaceX IPO angle relevant now for crypto investors and traders?
SpaceX is widely viewed as one of the most anticipated potential IPOs in global markets. Some market commentary has discussed possible trillion-dollar valuation scenarios, although investors should treat specific valuation numbers carefully unless confirmed through official filings or reliable primary reporting. (Capital.com)
The connection for Bitcoin is not that SpaceX itself is necessarily buying Bitcoin today. The connection is more psychological:
-
Cerebras shows that AI and deep-tech IPO demand is extremely strong.
-
SpaceX would likely be seen as an even bigger narrative asset if it lists.
-
Elon Musk remains strongly associated with crypto markets.
-
Bitcoin can benefit when speculative capital rotates into scarce, high-conviction assets.
In other words, a huge Cerebras IPO does not prove anything about SpaceX or Bitcoin, but it does support the idea that the market’s appetite for mega-narrative assets is alive.
What is the most actionable Musk crypto angle?
For traders, the more actionable Musk-related crypto optionality may be X Money, not SpaceX.
Reuters reported in March 2026 that Musk said X Money would enter early public access in April, as part of the broader effort to turn X into a payments-enabled “everything app.” X previously partnered with Visa for payment functionality. (Reuters)
That does not confirm Bitcoin integration. But if X Money ever adds Bitcoin, Dogecoin, or broader crypto rails, that would likely be more directly relevant to crypto-market pricing than a speculative SpaceX IPO narrative.
Bitcoin trading read today
Bitcoin’s move to around $81,750 keeps the short-term tone constructive. The day is positive, the market is reacting well to broader risk-on signals, and the Cerebras IPO adds another data point showing that investors are willing to chase high-growth narratives.
Still, traders should separate confirmed facts from speculative fuel:
| Factor | Confirmed? | Bitcoin relevance |
|---|---|---|
| Cerebras priced IPO at $185 | Yes | Shows strong AI risk appetite |
| CBRS traded up to $385 | Yes | Reinforces speculative momentum |
| SpaceX has owned Bitcoin | Yes, based on Musk’s 2021 comments | Real but historical balance-sheet link |
| SpaceX sold or reduced Bitcoin exposure | Reported by WSJ in 2023 | Reduces certainty around current exposure |
| SpaceX IPO will directly lift Bitcoin | No | Speculative sentiment link only |
| X Money may eventually support crypto | Not confirmed | More actionable if verified |
Make or Break for Bitcoin: Inside the Psychological Battle at the 200-Day Moving Average and What It Means for the Broader Trend
BTSUSD (spot) daily chart with the 200 SMA indicator
Why Bitcoin traders watch the daily chart first
Short-term traders often live on the 1-minute, 5-minute, or 15-minute chart. That makes sense if they are scalping small moves. But for the bigger Bitcoin picture, the daily chart is still the main reference point.
The daily chart matters because it filters out a lot of the noise.
On smaller timeframes, Bitcoin can look bullish in the morning, bearish two hours later, and neutral by the end of the day. A single headline, a liquidation flush, or a short-term algorithmic move can distort the picture. The daily candle gives a cleaner view because it compresses the full trading day into one clear message: who controlled the session, buyers or sellers?
That is why the daily chart tends to carry more weight for serious market participants. Large funds, institutional desks, and longer-term crypto investors are not usually making major allocation decisions based on a 5-minute pattern. They are looking at the broader trend, the key daily levels, and whether Bitcoin is being accumulated or distributed over several sessions.
There is also a crowd psychology element. Because so many traders and investors look at the daily chart, the levels on that chart become important simply because everyone is watching them. When Bitcoin approaches a major daily moving average, a prior daily high, or a key daily support zone, it often attracts real order flow. Traders place entries there, stops gather there, and algorithms react there.
In crypto, that matters even more because Bitcoin trades 24/7. The daily chart gives the market a shared reference point in a market that never really sleeps.
Why the 200-day SMA matters more than a random moving average
There is nothing magical about the number 200 from a pure math perspective. A 157-day moving average, a 180-day moving average, or a 220-day moving average can sometimes fit price better during a specific period.
But markets are not driven by math alone. They are driven by human behavior, institutional habits, and widely followed reference points.
That is why the 200-day simple moving average matters.
It is one of the most watched long-term trend indicators in global markets. Stocks, commodities, crypto, ETFs, and indexes are all judged against it. When Bitcoin trades above the 200-day SMA, many market participants view it as healthier. When Bitcoin trades below it, the tone often becomes more cautious.
For many traders, the 200-day SMA acts like a macro line in the sand:
| Bitcoin vs. 200-day SMA | Common market interpretation |
|---|---|
| Above the 200-day SMA | Trend looks healthier, dips may attract buyers |
| Below the 200-day SMA | Market remains more defensive, rallies may be sold |
| Testing the 200-day SMA from below | A major trend-repair test |
| Rejecting from the 200-day SMA | Bears may still control the bigger structure |
This does not mean Bitcoin automatically becomes bullish the moment it touches the 200-day SMA. It means the market starts paying closer attention.
Why not use a 157-day SMA instead?
A 157-day SMA might look good on a backtest. It might even fit Bitcoin perfectly for a few months. But it does not have the same market weight.
The 200-day SMA has a network effect.
That means it matters because so many people use it. Retail traders watch it. Fund managers watch it. Analysts talk about it. Financial media report on it. Trading systems often include it. Risk models may also reference it.
A 157-day SMA does not have that same crowd behind it. If Bitcoin touches a 157-day SMA, most of the market will not notice. There are probably fewer orders around it, fewer stops around it, and less emotional reaction around it.
But when Bitcoin tests the 200-day SMA, the market notices.
That is why Bitcoin can often pause, reverse, accelerate, or consolidate around this level. It is not because the line itself has power. It is because the market gives it power.
Why the Golden Cross and Death Cross still get attention
The 200-day SMA is also important because it is part of two of the most famous long-term trend signals:
| Signal | What it means |
|---|---|
| Golden Cross | The 50-day SMA crosses above the 200-day SMA. This is usually viewed as a bullish macro signal. |
| Death Cross | The 50-day SMA crosses below the 200-day SMA. This is usually viewed as a bearish macro signal. |
These signals are not perfect. They can arrive late. They can also fail. But they still matter because they are widely followed and often reported by mainstream financial media.
In Bitcoin, these signals can influence sentiment, especially when they appear near major price levels, after a long correction, or during a broad risk-on move in tech and crypto.
What Bitcoin’s current 200-day SMA test means
Bitcoin is now testing the underside of its declining 200-day SMA. That makes this a major trend-repair moment.
A clean daily close above the 200-day SMA would not guarantee a new bull market, but it would send an important message: Bitcoin is trying to neutralize the broader downtrend. That could encourage more buyers to step in, especially if the breakout is supported by volume, stronger risk appetite, and follow-through in the next few sessions.
On the other hand, if Bitcoin fails at the 200-day SMA and rolls over, the market may read that as a sign that the bigger trend is still not fully repaired. In that case, traders may treat the move as another rally into resistance rather than a confirmed bullish shift.
For now, the key point is simple: Bitcoin is not just testing another moving average. It is testing one of the most watched macro trend lines in the market. That is why the reaction around this level matters
Today’s takeaway for Bitcoin investors and traders
Bitcoin’s positive session is not only about crypto. It is happening during a broader moment of aggressive risk appetite, with the Cerebras IPO showing how much capital is willing to chase AI and scarcity-driven growth stories.
The SpaceX angle is worth monitoring, but it should not be overstated. The confirmed connection is historical Bitcoin ownership. The speculative connection is that a future SpaceX IPO, especially one linked to Elon Musk, AI, Starlink, space infrastructure, and private-market scarcity, could strengthen the broader “Musk premium” across speculative assets.
For now, Bitcoin bulls want to see today’s strength hold into the close. A sustained hold above the current acceptance area would support the view that buyers are still in control. A failure to hold the day’s gains would suggest that the Cerebras-SpaceX-Bitcoin narrative is more of a sentiment spark than a durable driver.
Always do your own research and trade Bitcoin at your own risk only. The above is for educational purposes only.
Join our free investingLive Telegram channel for more market updates, trade ideas, and other gems: https://t.me/investingLiveStocks
- ADI Foundation and Settlemint launched a digital securities hub under ADGM’s 2026 regulatory framework.
- BCG projects digital assets will grow to $18.9 trillion by 2033 as institutional RWA adoption accelerates.
- Van Niekerk says the Settlemint blueprint allows global exchanges to launch 24/7 tokenized trading next.
Integrated Infrastructure for Institutional Adoption
ADI Foundation and Settlemint announced a partnership on May 13 to launch a new digital securities infrastructure on the ADI Chain, aiming to streamline the tokenization of assets within the Abu Dhabi Global Market (ADGM) regulatory framework.
The collaboration integrates ADI Foundation’s compliance-ready Layer-2 blockchain with Settlemint’s digital asset lifecycle platform (DALP). The combined system is designed to handle the entire lifespan of a digital security, from initial token creation and on-chain recording to post-trade servicing and management.
The move addresses a primary hurdle for institutional investors: the difficulty of coordinating issuance, trading, settlement, and custody across fragmented jurisdictions. By providing an integrated architecture, the partners aim to offer a unified pathway for institutions to move traditional assets onto the blockchain.
“The future of investment and trading will not only be digitized, but also available 24 hours a day, 7 days a week,” said Andrey Lazorenko, CEO of ADI Foundation. “Our partnership brings together market infrastructure, institutional-grade blockchain, and a digital asset lifecycle platform to tokenize equities and trade them on secondary platforms.”
According to a media statement, the platform utilizes Settlemint’s implementation of the ERC-3643 standard—a protocol specifically designed for security tokens to ensure compliance with regulatory requirements. While the partnership is initially focusing on equity tokenization, the infrastructure is built to support a variety of other tokenized securities and financial instruments, pending regulatory approval.
The announcement comes as institutional interest in real-world assets ( RWAs) on-chain continues to accelerate. According to data from RWA.xyz, tokenized RWAs currently represent approximately $30.92 billion in on-chain value, with tokenized U.S. Treasuries accounting for roughly $15.20 billion of that total. Market analysts expect this trend to scale significantly. A 2026 analysis by BCG suggests the digital asset market could surge from $0.6 trillion in 2025 to $18.9 trillion by 2033.
Matthew Van Niekerk, co-founder and president of Settlemint, characterized the partnership as a “blueprint” for the broader financial industry.
“This partnership proves that regulated, multi-asset tokenization at national scale on public blockchains is not just feasible, but live,” Van Niekerk said. He added that the infrastructure is intended to be a model that central securities depositories (CSDs), exchanges, and clearing houses can adopt to integrate digital assets into existing operations.
Crypto
BlackRock COO: Cryptocurrency Demand Surpasses Firm’s Expectations, Signaling a Shift in Value
BlackRock Chief Operating Officer Rob Goldstein revealed that demand for cryptocurrency has significantly exceeded the firm’s initial projections, marking a notable shift in institutional sentiment toward digital assets. Speaking during a Binance online stream, Goldstein addressed the market’s reception of BlackRock’s spot Bitcoin exchange-traded fund (ETF), IBIT, and outlined the asset manager’s broader strategic outlook on blockchain-based finance.
Demand Driven by Value Proposition, Not Speculation
Goldstein emphasized that the global demand for IBIT was stronger than anticipated, describing the interest not as fleeting speculative enthusiasm but as a recognition of a new value proposition rooted in emerging technology. He noted that investors are increasingly viewing cryptocurrency as a distinct asset class with potential for long-term portfolio diversification, rather than a short-term trading vehicle. This perspective aligns with BlackRock’s broader push to integrate digital assets into traditional investment frameworks.
Tokenization and the Future of Capital Markets
Goldstein predicted that the tokenization of capital market instruments remains in its early stages, with future growth expected to be measured in multiples rather than incremental percentages. He argued that blockchain infrastructure could fundamentally reshape how assets are issued, traded, and settled, reducing friction and increasing transparency. This view is consistent with growing industry interest in real-world asset (RWA) tokenization, a trend that major financial institutions are beginning to explore.
AI Agents and Digital Rail Transactions
In a forward-looking comment, Goldstein suggested that artificial intelligence agents will eventually conduct transactions directly via digital rails, or blockchain infrastructure, rather than logging into traditional bank accounts. This vision points to a future where automated systems interact with decentralized finance protocols, potentially streamlining operations across supply chains, payments, and asset management. While still conceptual, the statement underscores BlackRock’s attention to the convergence of AI and blockchain technologies.
The Education Gap Remains a Key Obstacle
Goldstein identified the primary barrier to broader adoption as a lack of investor education regarding the technical aspects of virtual assets and efficient portfolio allocation. Many institutional and retail investors remain uncertain about how to evaluate cryptocurrencies, assess risks, and integrate them into existing investment strategies. BlackRock’s emphasis on education suggests that the firm sees informed participation as critical to sustainable market growth.
Conclusion
BlackRock’s acknowledgment that cryptocurrency demand has exceeded expectations carries significant weight, given the firm’s status as the world’s largest asset manager with over $10 trillion in assets under management. Goldstein’s comments reflect a maturing institutional perspective that views digital assets not as a passing trend but as a structural evolution in finance. For investors, the key takeaway is that major financial players are moving beyond skepticism and actively building infrastructure for a tokenized future, even as educational gaps persist.
FAQs
Q1: What did BlackRock’s COO say about cryptocurrency demand?
Rob Goldstein stated that demand for cryptocurrency, particularly through BlackRock’s IBIT Bitcoin ETF, has exceeded the firm’s expectations, driven by a recognition of its value as an emerging technology rather than mere speculation.
Q2: What is BlackRock’s view on tokenization?
Goldstein described tokenization of capital market tools as still in its infancy, with future growth expected to be exponential. He believes blockchain infrastructure will play a key role in transforming how assets are managed and traded.
Q3: What is the biggest obstacle to cryptocurrency adoption according to BlackRock?
The main challenge is a lack of investor education on the technical aspects of virtual assets and how to allocate them effectively within a portfolio, according to Goldstein.
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