2023-10-17 18:35:16

'Pent Up Interest in Crypto'? That's The Lesson From Bitcoin ETF Pump, Says BlackRock Boss

BlackRock CEO Larry Fink responded to the false report that claimed the SEC had approved the company's Bitcoin ETF application, stating that it was an example of the pent-up interest in crypto. The hoax caused Bitcoin's price to surge by 10%, but quickly fell back down once it was debunked. While Fink sees it as a flight to quality, others fear it may be used to demonstrate market volatility and manipulate the approval of a Bitcoin spot ETF.

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