Is this the reason for the sudden surge in cryptocurrencies like Bitcoin and Ethereum?
Bitcoin continued its massive December rally over the past few days,The total value climbed to about $500 billion.
The price of bitcoin, which topped $28,000 for the first time over the Christmas weekend, has risen more than 50 percent this month, with other major cryptocurrencies ethereum and litecoin also surging.
BlackRock, the world's largest asset manager, pushed bitcoin above its 2017 all-time high during December's Santa Claus rally and helped ethereum and litecoin post triple-digit percentage gains for the year , posting job ads for cryptocurrency and blockchain-focused executives.
According to a job advertisement posted on Christmas Day, December 25,BlackRock is seeking to hire a blockchain vice president "to develop and implement a strategic plan designed to drive demand for the company's products."
BlackRock's New York-based blockchain VP will help value crypto assets and "Enhance the value proposition to the company's investment and technology product customers”。
According to the job description, potential candidates should be able to "design and articulate fundamental valuation methodologies for cryptoassets, evaluate game theory and understand governance models relevant to blockchain technology."
Bitcoin price up more than 10% since Christmas,Ethereum, the second-largest cryptocurrency by value behind Bitcoin, climbed nearly 15%,Litecoin
Litecoin(Litecoin) is the fifth most valuable cryptocurrency after the troubled XRP, sometimes referred to as "bit gold, lite silver",Also up about 15%, to $130.
BlackRock, which manages about $8 trillion in assets, says Bitcoin "is here to stay," while BlackRock CEO Larry Fink warns of growing popularity of Bitcoin and digital currencies Afterwards, shock waves have been sent through the bitcoin and cryptocurrency markets in recent weeks.at the same time,
at the same time,Bitcoin and cryptocurrency traders are frantically adjusting to Bitcoin's new bullish paradigm.
Cryptocurrency trader Alex Krüger tweeted: "The key bitcoin positions the market sees in the short term are $30,000 and $36,000. The giants are confident that they will soon dabble in bitcoin and cryptocurrencies, but warn that they will need strong nerves.”
"New investors need to be able to withstand a 20% correction, which could be coming soon," Kruger said.
"I still expect higher prices in 2021, and as long as leverage and positioning don't get too extreme (as measured by funding rates and open interest metrics), I wouldn't worry about headwinds. I bet thatMany Institutions Will Announce New Bitcoin Positions Soon, Others Will Follow。”
The original text comes from the English version of Forbes, compiled by Blockchain Knight, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.
