Bitcoin is (BTC) fall and the subsequent correction in June has given rise to new hopes for the effect cryptocurrency is next steps as well argument about whether the digital economy has found its bottom line.
One of the most prominent people to speculate on the future of BTC was Rick Rieder, BlackRock’s (NYSE: BLK) Chief Investment Officer of Global Fixed Income, who, on June 15, he said Bloomberg he thinks the money will ‘go up a lot.’
However, Rieder clearly framed his comments as long-term, highlighting a number of technical issues that reduce his company’s confidence in cryptocurrency in the future and have kept it from growing.
Incidentally, not everything that led to this decision was due to the short-term view of BTC and instead it shows BlackRock who is known for the opportunity to make money elsewhere, such as the technology sector.
For example, Images of SpaceX (NASDAQ: SPCX price) has already been affected by Bitcoin’s recent decline as investors seek to raise funds to take a position. It’s Elon Musk the new a public company.
BlackRock has launched an investment-focused Bitcoin fund
Elsewhere, Rick Rieder’s comments do not indicate that BlackRock has cooled on the world’s largest cryptocurrency.
Recently on June 11, the company bought more than $38 million Bitcoin price is Ethereum (The price of ETH), and the company also launched its new BTC currency iShares Bitcoin Premium Income ETF (BITA) on June 16.
Along with recent developments, BITA is clear in its approach, as a sector that will reduce the profitability of digital assets instead of providing owners with monthly payments that are managed quickly. options way.
Bitcoin remains at a low price despite the mid-June price recovery
Meanwhile, Bitcoin has risen to $ 65,603 by the time of printing on June 16, that the total profit of 10% since the beginning of June is falling a little below $ 60,000.
Despite the increase, the digital economy around the world remains below the level between February and April, and the high prices that occurred during the period of April and May.
Indeed, following the low prices and low trading volume since the end of 2025 all-time high (ATH) above $125,000, BTC seems to have fallen sharply and is 25% in the red year-to-date (YTD).
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