BlackRock releases a 3-minute Bitcoin explainer video: BTC is no longer a radical idea, it has become an emerging global currency alternative

BlackRock, the world's largest asset manager, recently launched a three-minute educational video about BTC, in which BlackRock argues that BTC is no longer seen as a radical idea 15 years ago and is emerging as an emerging global currency alternative. It will take time to see how far its adoption will go. (Synopsis: Less than a year BlackRock BTCETF has surpassed its gold fund, bank analysis next year institutional adoption accelerated) (Background added: BlackRock: The global BTC strategic reserve race has begun, and no country can ignore BTC anymore) BlackRock, the world's largest asset manager with $11.5 trillion in assets under management, has taken an important step in embracing cryptocurrency. The company recently launched a three-minute educational video about BTC. JUST IN: BlackRock releases 3 minute educational video explaining what #Bitcoin is. pic.twitter.com/EjqBbV0GRn — Bitcoin Magazine (@BitcoinMagazine) December 17, 2024 Like BTC as an Emerging Global Money Alternative BlackRock film introduces that throughout history, humans have used a variety of items to trade and store value, from shells to metals to paper money, because value is not only in the item itself. Rather, it depends on the human consensus on the value that an item represents, so an item can be a lot of things, or even a string of numbers made up of numerical codes. The video said that BTC came into being, a digital currency that is not controlled by banks or governments, maintained by its global user community, BTC transactions are directly between people, and transactions are completed almost instantly, Transaction Cost is almost zero, and the total supply of BTC is fixed at 21 million, this hard specification controls supply, purchasing power, and helps avoid inflation that can be triggered by excessive money printing. BlackRock stressed that BTC is no longer seen as a radical idea 15 years ago, and that more than 500 million people around the world today use Cryptocurrency, more than half of whom hold or invest in BTC, some use BTC for cross-border transfers and purchases, and some see BTC as an investment because of its limited supply and uniqueness compared to other financial assets. The film concludes by saying that BTC is more valuable for people in some countries because it provides greater financial autonomy and can be used as an alternative to local currencies, and BTC is gradually becoming an emerging global currency alternative. It will take time to see how far its adoption will go. BlackRock's BTCSpot ETF has surpassed its holdings of gold-backed ETFs, currently at $57.6 billion, BlackRock also expressed optimism about the BTC outlook last month, saying that Trump's victory in the 2024 US election may bring "new optimism" to the BTC strategic reserve, or will usher in a new era of clear regulation of the US asset class. BlackRock noted that the U.S. regulation of the cryptocurrency industry has not been clear over the past two years. The "enforcement alternative" approach taken by the Securities and Exchange Commission (SEC) has sparked a flood of lawsuits, but that could change with Trump's return to the White House. Related Stories BlackRock BTC Fund IBIT Becomes the Fastest Growing ETF in History! The scale has exceeded $42 billion BTCSpotETF explosion to attract gold! BlackRock IBIT inflows $872 million in a single day, a record high Ethena pushes new "stablecoin UStb" to earn U.S. bond income from BlackRock BUIDL fund, ENA jumps 20% "BlackRock releases 3-minute BTC popular science film: BTC is no longer a radical idea, has become an emerging global currency alternative" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".