Bitcoin To Align With Wall Street? BlackRock Predicts A Price Shift Ahead

A BlackRock executive anticipates that the price of Bitcoin will increase in accordance with its growing institutional adoption.

Robbie Mitchnick, BlackRock chief of digital assets, stated that Bitcoin remains 15% above its early November levels, despite recent price declines. He raised this point during an interview with Yahoo Finance on Wednesday.

He believes that the cryptocurrency’s current value does not accurately reflect the number of significant institutions that are currently purchasing it.

The market has not yet caught up to reality, he stated in an interview with Yahoo Finance. Mitchnick anticipates that the flagship crypto’s value will experience substantial growth once prices are in accordance with this institutional interest.

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