Bridger PenningtonFund Launch & Investment Expert

Crypto market rallying🔥

17 Jul 2024 · 1 min

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Bitcoin could hit $250,000 as institutions warm up to crypto. Larry Fink admitted BlackRock was wrong about it for five years and now calls it an amazing asset class. An Ethereum ETF approval could come within days, and Ethereum is already up 11% this week.

This is how close we came to a civil war, and now we're on track for a $250,000 Bitcoin. What is going on in the markets this week? We've had CNBC recommend a 2 to 5% Bitcoin allocation. I love this interview by Larry Fink, just changing his whole tone on Bitcoin and crypto. I won't play the full clip, but he just says, hey, I was wrong for 5 years and now I understood this thing. It's an amazing asset class. And we are potentially days away from Ethereum ETF being approved, and the market has responded with Ethereum up 11% this week. We'll see what happens in the future.