Bitcoin has continued its huge December rebound in the past few days, with its total value climbing to approximately $500 billion.
The price of Bitcoin broke through $28,000 for the first time during the Christmas weekend. It has risen by more than 50% this month , and other major cryptocurrencies, Ethereum and Litecoin, have also soared.
The world’s largest asset management company BlackRock pushed Bitcoin above its 2017 all-time high at the Santa Claus rally in December, and helped Ethereum and Litecoin achieve triple-digit growth this year , To issue job advertisements for executives focusing on cryptocurrency and blockchain.
According to a job advertisement published on Christmas Day on December 25, BlackRock is seeking to hire a vice president of blockchain to “develop and implement a strategic plan aimed at promoting the demand for the company’s products . “
BlackRock’s vice president of Blockchain in New York will help evaluate crypto assets and “enhance the value proposition for customers of company investments and technology products . “
According to the introduction of the position, potential candidates should be able to “design and clarify basic valuation methods for encrypted assets, evaluate game theory and understand governance models related to blockchain technology.”
Since Christmas, the price of Bitcoin has risen by more than 10%. Ethereum is the second largest cryptocurrency after Bitcoin in terms of value. It has climbed by nearly 15%, reaching more than $700 per ETH, since 2018 The highest price since May.
Litecoin, the fifth most valuable cryptocurrency after the troubled XRP, is sometimes referred to as “Bit Gold, Lite Silver”, and also rose by about 15% to $130.
The chief investment officer of BlackRock, which manages about $8 trillion in assets, said that Bitcoin “will continue to exist,” while BlackRock CEO Larry Fink warned of the growing popularity of Bitcoin and digital currencies Later, shock waves have been sent out in the Bitcoin and cryptocurrency markets in recent weeks. Currency is having a “real impact” on the dollar.
At the same time, Bitcoin and cryptocurrency traders are frantically adjusting to the new bullish paradigm of Bitcoin.
Cryptocurrency trader Alex Krüger said on Twitter: “The key bitcoin positions seen by the market in the short term are $30,000 and $36,000 respectively. He is very helpful to more institutional investors and Wall Street. The giants are confident because they will soon get involved in Bitcoin and cryptocurrencies, but warn them that they will need a strong nerve.”
Kruger said: “New investors need to be able to withstand a 20% adjustment, because this adjustment may happen soon.”
“I still expect prices to be higher in 2021, and as long as leverage and positions do not become too extreme (measured by financing interest rates and open position indicators), I will not worry about the disadvantages. I bet a lot The agency will announce new bitcoin positions soon, and others will still follow.”
The original text comes from the English version of Forbes, compiled by Blockchain Knight, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.
