(ENG)BlackRock Double Down on Bitcoin: Undervalued Crypto

Recently, we've seen global asset manager BlackRock expand its investment in Bitcoin.

Alongside this, undervalued altcoins in the market are gaining traction, and predictions for the Bitcoin market cycle are becoming increasingly clear.

BlackRock's increased investment in Bitcoin as an important asset is driven by global economic uncertainty and a decline in confidence in fiat currencies and the banking system.

In this regard, 
we present a program from September '24 on CryptosRUs titled “BlackRock Double Down on Bitcoin | Undervalued Crypto”.
Reference: Youtube channel “CryptosRUs”

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1. BlackRock's Increased Bitcoin Focus (00:05 - 05:50):

• BlackRock has doubled down on Bitcoin, viewing it as a global, decentralized, non-sovereign asset.
• Larry Fink of BlackRock emphasizes Bitcoin's role as a hedge against global disorder and declining trust in governments, banks, and fiat currencies.
• BlackRock holds over 20 billion in Bitcoin through their ETF, becoming the third-largest holder of Bitcoin.

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2. Market Trends and Predictions (05:50 - 09:51):

• Bitcoin is priced around $58,000, with institutions continuing to invest despite inflation concerns.
• The Federal Reserve's potential interest rate cuts are highly anticipated, with speculation on aggressive cuts increasing from 21% to 43%.
• Bitcoin's market cycles suggest a parabolic run similar to previous cycles, with potential future prices surpassing $100,000.

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3. Undervalued Cryptos and Altcoins (10:40 - 15:56):

• The presenter discusses several altcoins such as SUI, Phantom, Avalanche, and Injective, highlighting their recent performance and potential for growth.
• SUI, part of the Cosmos ecosystem, has seen recent gains with a growing DeFi and gaming ecosystem.
• Phantom and Avalanche are undergoing upgrades, with Phantom planning a rebranding to "Sonic" and Avalanche continuing to expand its gaming and DeFi ecosystems.

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4. XRP and Institutional Support (15:56 - 17:04):

• Grayscale recently launched an XRP trust, contributing to a price spike for XRP.
• The SEC no longer overshadows XRP, which may help it regain momentum with the support of institutional players like Grayscale.

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5. Personal Notes and Market Sentiment (17:04 - 33:41):

• The presenter speculates on market sentiment, noting a neutral-to-bullish outlook for Bitcoin.

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When large institutions like BlackRock invest heavily in Bitcoin, it's a sign of the cryptocurrency's future promise.

In particular, Bitcoin is emerging as a “hedge” asset in the face of an unstable global economy.
In the altcoin market, undervalued projects still offer opportunities, and many altcoins are likely to gain traction as the price of Bitcoin rises.

Retail investors need to pay close attention to these developments and develop a long-term strategy for Bitcoin and altcoins. Now is the time to reassess your confidence in the digital asset market.