BlackRock: Bitcoin 'long-term bet' as price stabilizes near 80,000 USD

- Mitchnick (BlackRock) suggests a risk-off narrative for Bitcoin as a long-term choice
- Bitcoin price stabilizes near $80,000 after the rally
- Is capital flowing into the spot Bitcoin ETF funds increasing? A positive sign
- Correlation between Bitcoin and stocks declines, which is also positive
- According to analysts, the above factors support a long-term outlook
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Source: The Block