BlackRock-Coinbase deal will make cryptocurrencies more legitimate, believes Robert Kiyosaki
The end of the week was marked by high-profile news, the nature of which can be considered positive for the crypto market. We’re talking about a high-profile deal between BlackRock, a company with more than $10 trillion in assets under management, and Coinbase, which by far accounts for the largest slice of the crypto market in the United States. With is the main crypto exchange.
Such an enormous number of zeros and commas in the potential outcome of this deal left no one indifferent. Thus, Robert Kiyosaki, author of the acclaimed bestseller about success, “Rich Dad, Poor Dad,” proclaimed this news to be great and said that the entry of institutions into crypto would have a favorable effect on its legitimacy.
Kiyosaki has long been a fan of cryptocurrencies, but for all his love of the new digital economy, the author has been quite clear in his predictions about them. For example, he recently said that even though he trades bitcoin, he believes BTC has no value and is just playing a game. In his recent forecast, Robert Kiyosaki said that he is waiting for bitcoin to test $1,100, and will buy if the price starts a correction. If it doesn’t, they will have to wait for the “loser” to surrender and then buy. More.
BlackRock clients will get access to Coinbase Prime
Returning to the news that instilled optimism even in the most pessimistic fans of cryptocurrencies, we recall that the partnership between BlackRock and Coinbase implies that the fund will promote Bitcoin and cryptocurrency trading among institutional clients.
BlackRock’s top clients will be provided with the Aladdin Investment Management System, through which it will be possible to perform all desired functions with the digital asset. It is important to clarify that according to BlackRock, the focus will be primarily on the main cryptocurrency market, i.e. Bitcoin.