Bitcoin Price Reaches $62K Amidst BlackRock’s Bet on BTC Amid Weakening US Dollar
As Bitcoin price continues to encounter resistance around the $62.2K mark, there is a strong possibility of a swift reversal, leading to a further extension of the ongoing consolidation period that has lasted for seven months. However, despite this sideways movement, the long-term outlook for BTC remains optimistic. In a recent conference, BlackRock, the largest asset manager in the world, emphasized the importance of owning Bitcoin due to the continued decline in the purchasing power of the US dollar, which has been in effect since 1913.