How does BlackRock's entry into the digital asset market affect traditional financial institutions?

1 answers

• Nov 25, 2021 · 3 years ago
  As an expert in the digital asset market, BYDFi believes that BlackRock's entry will have a positive impact on traditional financial institutions. It will bring more attention and interest to the digital asset market, which will benefit the entire industry. Traditional financial institutions will have to adapt and embrace digital assets to stay competitive. This will lead to increased collaboration between traditional financial institutions and digital asset companies, as they work together to develop innovative products and services. BlackRock's entry will also help to legitimize digital assets in the eyes of institutional investors, leading to greater adoption and investment in the asset class. Overall, BlackRock's entry into the digital asset market will be a catalyst for change and growth in the traditional financial industry.
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