Willy Woo Suggests BlackRock’s $9.5 Trillion Assets Could Flow into Bitcoin

Bitcoin advocate Willy Woo predicts that a portion of the $9.5 trillion in assets managed by BlackRock will flow into Bitcoin and other cryptocurrencies. BlackRock, the world’s largest asset manager, has been making significant moves in the crypto market and blockchain adoption. They recently launched a Bitcoin spot ETF, which has been highly successful, attracting billions of dollars in a short period. They have also filed for an ether spot ETF, and experts believe it will be approved. Additionally, BlackRock has introduced the BUIDL Fund, their first tokenized fund on the Ethereum blockchain, providing customers with USD yields. Woo suggests that the massive wealth transfer from baby boomers to millennials, estimated at $90 trillion, will significantly boost Bitcoin adoption, potentially resulting in a $1 trillion investment influx. Bitcoin is expected to lead this investment wave, followed by other large cryptocurrencies like Ethereum, Solana, XRP, and Cardano. However, this transition will occur gradually over time as mass adoption of the technology and token price growth take place. At the moment, Bitcoin is trading at $70,200, experiencing a slight 1% drop, but still maintaining a positive trend with gains of nearly 10% in the past week. Investors remain optimistic about reaching the previous all-time high of $75,000 and the coveted $100,000 target by the year’s end.