One of the reasons is that the recent entry of the American company into the cryptoasset market had a significant impact.
The imminent visit to Argentina of the CEO ofBlackRock, Larry Fink agreed within the framework of the bond forged with President Javier Mileisparked the interest of the sector local crypto that warns of a possible arrival of investments in the country.
“BlackRock’s interest, one of the largest asset management companies in the worldin Argentina offers encouraging prospects not only for the economic and social progress of our nation, but also for even more advances in cryptocurrency in the region,” he says. Pablo ReyesCEO of Saldoar, digital money exchange platform.
It should be noted that the recent entry of the American company into the cryptoasset market had a significant impact.
Crypto euphoria
And, as Reyes explains, the entry of the financial giant “generated an important milestone in the evolution of the sector, after more than 10 years of workby opening the door to institutional investors, bringing as a consequence an approach to the Argentine Stock Exchange through CEDEARS”Reyes added.
Additionally, BlackRock’s CEO reaffirmed his confidence in the potential of cryptocurrencies after the approval of Bitcoin (BTC) cash exchange-traded funds (ETFs); while maintaining that tokenization will represent the “next step” in the technological revolution of financial markets.
“It is crucial to remember that the innovation of Bitcoin lies not in its potential as an investment, but in its nature as a completely monetary asset. independent of the financial system. Its importance lies in its global reach, its impossibility of censorship, its open and decentralized nature, qualities that are fully experienced when one is in complete control about its custody, as opposed to delegating it to an investment fund like the one mentioned or an exchange,” says the CEO of Saldoar.
Source: Ambito
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