Bitcoin (BTC) is poised to benefit greatly from the BlackRock exchange-traded fund (ETF), according to investor and analyst Charles Edwards. In a recent interview with Cointelegraph, Edwards, the founder of quantitative Bitcoin and digital asset fund Capriole Investments, delves into the current state of BTC price action. Despite the ups and downs of the past few months, Edwards maintains his long-term perspective on the overarching narrative of cryptocurrency becoming a recognized global asset class. While Bitcoin may be less of a sure bet in the short term, Edwards believes that it is fairly valued and sees potential for further upside. He also discusses the impact of miners’ selling on price, the U.S. macro policy and inflation, Bitcoin’s correlation with risk assets and the U.S. dollar, regulatory pressures, and the potential effects of the BlackRock ETF on Bitcoin. Overall, Edwards remains optimistic about the future of Bitcoin and its role in the financial landscape.
BlackRock's ETF Set to Give Bitcoin a Resounding Approval, Asserts Charles Edwards