Bitcoin's Whiplash Strikes with Praise from the World’s Wealthiest

The whiplash hit today!!

In a few hours, Bitcoin went from $65,000 to $68,000, only to plummet back to $64,000, before settling again around $67,000—almost as if nothing had happened.

But unlike Bitcoin's recent volatile swings, today’s movement lacks an obvious trigger. Typically, Bitcoin’s price shifts are driven by macroeconomic events and tend to correlate with stock market trends. Today, however, was different.

The whiplash has no apparent cause. And that's great!

Two key developments, though, are worth noting: the endorsement from financial giants.

BlackRock’s CEO Larry Fink, who oversees $10 trillion in assets, stated during the company’s earnings call that Bitcoin is now a distinct asset class, predicting it could replace commodities like gold.

Even more surprising was the comment from Bitwise’s CEO, who celebrated $5 billion in assets under management by crediting Bitcoin as one of humanity’s greatest contributions.

It seems the world’s wealthiest are catching on!