BlackRock expects another historic year for cryptocurrencies

Bitcoin It should rise under President-elect Donald Trump, according to Black Rock Chairman of the European Training Foundation.

Samara Cohen, investment director at the firm’s ETF and index instruments, believes that cryptocurrency liberalization will “absolutely” push Bitcoin into another historic year.

“There will be progress at… FIT21 [“Financial Innovation and Technology for the 21st Century Act.] There will be progress in stablecoins. “There will only be progress in terms of definitions in the classification,” she told CNBC. “Edge ETF” this week.

Cohen is behind the company iShares Bitcoin Trust (IBIT) – any It is up 114% since January 2024 Debut and up about 8% so far. Comes as Bitcoin It briefly traded above $100,000 this week.

Despite the strong performance, it suggests cryptocurrencies Investors need an iron stomach.

“Bitcoin is a risky asset. So 15% in the context of Bitcoin is not a huge move. Investors should expect volatility,” Cohen said. “But in the long term, the price of Bitcoin will really be determined by the level and pace of adoption.”

BlackRock on Monday announced the official launch of its iShares Bitcoin ETF on CBOE Canada.

It is not the only company that at the beginning of the year delved deeper into cryptocurrencies. Calamos Investments plans to launch the Bitcoin Structured Alt Protection ETF next Wednesday — two days after Trump’s inauguration. According to the press release, it is “the world’s first 100% downside-protected Bitcoin ETF.”