🚀 #Bitcoin is back above $70k! 🎉 After a dip below $65k last week, BTC has surged more than 4.5% thanks to some positive words from BlackRock's digital assets lead, Robert Mitchnick. Here's what you need to know:

🔸 Mitchnick called Bitcoin a "good portfolio diversifier" during the Bitcoin Investor Day conference

🔸 He noted that BTC price movements have historically correlated with real interest rates & inflation expectations

🔸 BlackRock's Bitcoin ETF, IBIT, holds over 240k BTC, second only to GBTC

💬 What do you think about Bitcoin as a portfolio diversifier? Share your thoughts in the comments! #DeFi #Web3