{"id":842377,"date":"2025-04-20T21:14:22","date_gmt":"2025-04-21T02:14:22","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/20\/blackrock-recession-could-ignite-bitcoin\/"},"modified":"2025-04-20T21:14:22","modified_gmt":"2025-04-21T02:14:22","slug":"blackrock-recession-could-ignite-bitcoin","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/20\/blackrock-recession-could-ignite-bitcoin\/","title":{"rendered":"BlackRock: Recession Could Ignite Bitcoin"},"content":{"rendered":"

Bitcoins <\/p>\n

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\"bitcoins<\/a><\/p>\n

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This happened during an appearance on Yahoo Finance\u2019s <\/span>Market Domination Overtime<\/span><\/span>.<\/span><\/span><\/strong><\/h4>\n

Mitchnick suggested that a recession could be the next \u201cbig catalyst\u201d for Bitcoin, sending ripples through the crypto community and Wall Street alike. <\/span><\/span><\/p>\n

Bitcoin\u2019s Volatility: Can It Thrive During Economic Downturns?<\/strong><\/h5>\n

With Bitcoin hovering around $82,110.36\u2014down 2.96% in the past 24 hours and 14.96% over the month. This makes investors sit up and take notice. <\/span><\/span>It spans late February to mid-March 2025, and paints a volatile picture: Bitcoin\u2019s price<\/a> dipped below $90,000, fluctuated wildly, and now teeters near $80,000.<\/p>\n

This downturn aligns with broader market jitters, as seen in the modest gains of the S&P 500 (1.07%) and Nasdaq (1.71%) juxtaposed against a slight NYSE decline (0.41%). Mitchnick\u2019s assertion challenges conventional wisdom, which often views recessions as kryptonite for risky assets like crypto. Instead, he argues that economic downturns could drive investors to Bitcoin as a \u201cdigital gold\u201d\u2014a hedge against inflation and currency devaluation.<\/p>\n<\/div>\n

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\u201cWhy would a recession boost Bitcoin?\u201d you might ask. Well, Mitchnick\u2019s logic hinges on Bitcoin\u2019s decentralized nature and its appeal as a store of value during turbulent times. As traditional markets falter, he believes savvy investors might \u201cjump on the bandwagon\u201d. It seeks refuge in crypto\u2019s promise of autonomy from government-controlled currencies. <\/span><\/span><\/p>\n

More About BlackRock<\/strong><\/h5>\n<\/div>\n

On March 19, 2025, BlackRock made headlines by purchasing 2,660 Bitcoin, marking the largest inflow into its iShares Bitcoin Trust (IBIT)<\/a> in six weeks. Complementing this move, the attached chart of IBIT Bitcoin inflows reveals a compelling trend: since January 2024, the fund has seen a steady rise in total Bitcoin holdings, reaching 580,578.3K by March 2025\u2014a staggering increase from 33.4K at the start of 2024.<\/p>\n

Daily inflows, shown in green, have fluctuated, with notable peaks like 14.6K in late 2024. Several instances of 6K to 12.6K throughout the year, though occasional outflows, such as a 3.4K dip. This highlights the market\u2019s ups and downs. This data reflects BlackRock\u2019s strategic accumulation of Bitcoin, positioning it as a major player in the crypto space.<\/p>\n

<\/p>\n

Disclaimer<\/strong><\/h6>\n

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer\/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.<\/p>\n<\/p><\/div>\n

Gaylene Pepper Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This happened during an appearance on Yahoo Finance\u2019s Market Domination Overtime . Mitchnick suggested that a recession could be the next \u201cbig catalyst\u201d for Bitcoin, sending ripples through the crypto community and Wall Street alike. Bitcoin\u2019s Volatility: Can It Thrive During Economic Downturns? With Bitcoin hovering around $82,110.36\u2014down 2.96% in the past 24 hours and<\/p>\n","protected":false},"author":1,"featured_media":842378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[164,353],"tags":[11476],"class_list":{"0":"post-842377","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blackrock","8":"category-recession","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/842377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=842377"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/842377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/842378"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=842377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=842377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=842377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}