Michael Sailor, CEO of Strategy Inc. , With a strong statement about the future of Blackrock Ishaares Bitcoin ETF (IBIT) at an investor event in New York City. He spoke at the BitCoin Conference, which was hosted by BitWise, expected IBIT to become the largest in the world’s stock market over the next decade.
Michael Silor on Blackrock Bitcoin Etf
In a conversation After xAmerican journalist Elianor Territ said that Michael Sailor stated confidently that Ibit will become the largest European training institution in the world during the next ten years. His prediction is considered valid, given that his company has a deep participation in the Bitcoin Market.
The strategy currently has 538,200 Bitcoin units. Between April 14 and April 20, the company Buy 6556 BTC At an average price of 84,785 dollars, it spends about 555.80 million dollars. This reaches the total value of Bitcoin’s strategy’s bits to $ 36.47 billion, and bought at an average price of $ 67,766 per unit.
It is necessary to say that the recent Silor comments about IBIT from Blackrock are not just an empty talk. If anything, his company has constantly increased its bitcoin possesses, indicating that he believes in the long -term digital currency.
His support for IBIT shows this belief itself, especially as more institutions continue to enter the Bitcoin ETF space.
Blackrock Bitcoin Etf Ibit: Current Milestones
It should be noted that ISHares Bitcoin Trust from Blackrock has already seen significant growth since its approval last year. In a previous update, Coingape stated that by December 2024, it exceeded 50 billion dollars of management assets and grew more to $ 52.33 billion by January 2025 when The investment funds circulated in Bitcoin 1 have turned.
This IBIT growth has made the largest ETF Bitcoin, ahead of the Investco QQ TRST and Fidelity’s Wise Origin Bitcoin series, which holds $ 18.3 billion and $ 19.681 billion, respectively.
On the broader market, Spot Bitcoin ETFS now runs more than a million units valued at more than $ 95 billion. Ibit controls nearly 48.7 % of the Bitcoin ETF market in the United States.
The speed of this growth is remarkable. While the investment funds circulating in gold took two decades to reach 128 billion dollars, the investment funds circulated in Bitcoin $ 95 billion in only one year.
Bitcoin growth and market expectations
Coinmarketca data shows that bitcoin has been circulated at 92,889.25 dollars, a decrease of 0.97 % in the past 24 hours. The largest cryptocurrency has surpassed Silver and Amazon, becoming the sixth most valuable assets in the world.
Based on the perception of the market, this increasing demand is driven by fears about inflation and broader global certainty. Investors are now looking for Bitcoin as a long -term valuable store.
Bitcoin is approaching $ 95,000, which is the main psychological level. Earlier BTC price analysis Hint that the currency is on the right path for $ 98,000. However, high oval or high inflation may lead to profit. Support at $ 91,000 and 88,500 dollars. Some analysts believe that BTC can re -test the level of penetration of $ 100,000 if the circumstances are aligned.
Godfrey Benjamin
Benjamin Jodfrey is a blockchain lover and journalists who enjoy writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desires to educate people about encrypted currencies inspire his contributions to the media and the famous Blockchain sites. Benjamin Jodfrey is a fan of sports and agriculture. Follow it xand LinkedIn
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
partner: