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Eric Siu explains why Bitcoin keeps gaining value. BlackRock's Bitcoin ETF hit $10 billion in assets under two months. Since 2008, Bitcoin has simply worked, creating steady demand and long-term growth.
Eric Siu explains why Bitcoin keeps gaining value. BlackRock's Bitcoin ETF hit $10 billion in assets under two months. Since 2008, Bitcoin has simply worked, creating steady demand and long-term growth.
BlackRock Bitcoin ETF hit $10 billion in assets under management in less than 2 months. Almost no one expected that to happen quickly. Bitcoin's just been doing its thing since 2008 and people are like, oh my God, it's going to go up, it's going to go down, it's going to go up, it's going to go down. What matters is it's just worked for all this period of time. At the end of the day, that's something you can't argue with. The product just works, right? My whole thing on it is like when people are fighting each other about something they really believe in, which is money, right? And this thing just quietly working in the background and then more and more people want it. The market wants it. That's how it just continues to grow, right? Sometimes it's just like a good product that works for decades. Decades, and then it becomes really big.
