In a series of questions and answers of ISHHARES ‘The ASK, Anna Neris called digital assets in that it has a monetary value. The analyst has identified three types of digital assets: data, intellectual property and cryptocurrencies. Given that Bitcoin is the largest cryptocurrency in market capitalization, Neris called Bitcoin a developing alternative to traditional fiat currencies. This means that bitcoin is suitable for international payments.
Neris believes that bitcoin is good for almost instantaneous transactions and fairly low commissions. The bitcoin network can function regardless of the will of third parties, whether it be banks or government, the analyst added.
BlackRock launched a spawning exchange of ISHHARES BITCOIN TRUST ETF (IBIT) a year ago. The total amount of assets (AUM), which is in its management, is almost $ 40 billion.
Recently, the head of the BlackRock digital assets department, Robert Mitchnick, suggested that, due to a possible recession in the United States, the Bitcoin course could soon grow.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
