BlackRock’s $9.5 Trillion Assets Could Potentially Embrace Bitcoin, Hints Willy Woo

Bitcoin advocate Willy Woo believes that a significant portion of BlackRock’s $9.5 trillion in assets under management will eventually flow into Bitcoin and other cryptocurrencies. BlackRock, the world’s largest asset manager, has been actively involved in the crypto market and blockchain technology. They recently launched a Bitcoin ETF and an Ether ETF, and now they have introduced the BUIDL Fund, their first tokenized fund on a public blockchain. This fund, built on Ethereum, is fully collateralized by cash and US Treasury bonds, and investors will earn USD yields. Woo’s speculation is based on the upcoming “Great Wealth Transfer,” where baby boomers are expected to pass down $90 trillion to millennials. He believes that a small percentage of this wealth, around $1 trillion, could flow into Bitcoin. Bitcoin’s stability, large adoption, and regulatory clarity make it an attractive investment option, and other cryptocurrencies like Ethereum, Solana, XRP, and Cardano are also likely to benefit from this investment wave. While this transition will happen gradually over the years, Bitcoin’s price is still expected to grow, with investors optimistic about reaching new all-time highs and the coveted $100,000 mark by the end of the year.