All-time record: whales hand their Bitcoin over to BlackRock for security— Large Bitcoin wallets are exchanging BTC for the #IBIT fund at an unprecedented rate. Many are choosing the institutional fund out of fear of theft, hacks, and self-custody.
An interesting twist: Bitcoin was created to avoid relying on third parties, and now some of its biggest holders prefer to leave it in the hands of a major asset manager. Is this a sign of fear or the beginning of definitive institutional adoption?
Do you prefer to keep your #BTC in your own key or in a regulated fund? Comment. I’d like to know what you think about it. Thanks for reading