The crypto community is actively discussing the intensive growth of Bitcoin price. One of the reasons that, according to experts, may have led to such a positive trend can be the news, which came from the multi-trillion dollar asset manager BlackRock. The company is considering a possibility to enter the crypto industry.
BlackRock which is the world’s largest exchange-traded fund provider made public its plans to create a working group to investigate the crypto market and to evaluate its potential involvement in Bitcoin.
Such a decision fully opposes previous BlackRock’s critical attitude towards cryptocurrency. The cross-industry working group, formed by BlackRock, will follow the example of such an industry’s giant as Goldman Sachs and will focus on several fields including a possibility to invest in Bitcoin futures.
According to unnamed sources familiar with the matter, BlackRock’s working group will also analyze how the company’s competitors are working in the sphere of cryptocurrencies and blockchain.
“Like most financial institutions, BlackRock has a working group that meets periodically to exchange information on blockchain and consists of employees from various parts of the business,” stated the company’s spokesperson.
Nevertheless, the representative of BlackRock in his comments didn’t mention their interest to cryptocurrencies while highlighted that they had been looking at blockchain for several years already, “recognizing potential for shared processes and data across market participants, clearing, settlement and reconciliation and simplified securities issuance.”
Now it looks like BlackRock is to follow in the footprints of Goldman Sachs that also has drastically change its opinion about cryptocurrencies.
Though Lloyd Blankfein who is the CEO at Goldman Sachs used to yell the journalists that Bitcoin was not for him, then it was announced that a special working group of experts was studying the opportunities that could be opened before the company thanks to the kaunch of a range of cryptocurrency-based products.
BlackRock’s CEO Larry Fink also has never said something in favor of Bitcoin naming it “an instrument people use for money laundering.”
But now, taking into consideration the changes, many experts studying the crypto market suppose that the increased interest from the side of institutional investors will boost confidence in this market.
Some experts expect a new wave of interest to cryptocurrencies. According to CNBC’s trading advisor Ran Neuner, an upcoming influx will make us believe that the highs of 2017 were just a warm-up before a real game.
According to CoinMarketCap, after jumping $225 just in a couple of hours, Bitcoin is currently traded at $6,606.76. It means that it has gained nearly 4% over the last 24 hours. And it is a long-awaited good result as we haven’t seen Bitcoin one-day gain of more than 2 % since July 2.
Altcoins are also following this trend. By the press time, every coin from the top-10 list has gained between 4 and 8%.
I’m a content writer and editor with extensive experience creating high-quality content across a range of industries. Currently, I serve as the Editor-in-Chief at Coinspeaker, where I lead content strategy, oversee editorial workflows, and ensure that every piece meets the highest standards. In this role, I collaborate closely with writers, researchers, and industry experts to deliver content that not only informs and educates but also sparks meaningful discussion around innovation.
Much of my work focuses on blockchain, cryptocurrencies, artificial intelligence, and software development, where I bring together editorial expertise, subject knowledge, and leadership experience to shape meaningful conversations about technology and its real-world impact. I’m particularly passionate about exploring how emerging technologies intersect with business, society, and everyday life. Whether I’m writing about decentralized finance, AI applications, or the latest in software development, my goal is always to make complex subjects accessible, relevant, and valuable to readers.
My academic background has played an important role in shaping my approach to content. I studied Intercultural Communications, PR, and Translation at Minsk State Linguistic University, and later pursued a Master’s degree in Economics and Management at the Belarusian State Economic University. The combination of linguistic, communication, and business training has given me the ability to translate complex technical and economic concepts into clear, engaging narratives for diverse audiences.
Over the years, my articles have been featured on a variety of platforms. In addition to contributing to company blogs—primarily for software development agencies—my work has appeared in well-regarded outlets such as SwissCognitive, HackerNoon, Tech Company News, and SmallBizClub, among others.
