“It’s Going To Keep Growing’—BlackRock Just Confirmed A Bitcoin Price Bombshell

Bitcoin has rocketed by 20% over the last week, soaring as Treasury secretary Scott Bessent puts the “fear of god’” into traders.

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The bitcoin price has topped $80,000 per bitcoin for the first time since May, kindling hopes among the crypto faithful that the 2026 bear market could be coming to an end.

Now, as Elon Musk’s $40 trillion nightmare suddenly comes true, the world’s largest asset manager BlackRock has revealed its $60 billion bitcoin fund is poised to keep growing.

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"It’s going to keep growing because we keep expanding the access," Robbie Mitchnick, head of digital assets at BlackRock, told Bloomberg.

BlackRock, which led the 2023 campaign to bring a full-fledged bitcoin spot exchange traded fund (ETF) to market, has reportedly lowered the minimum bitcoin required for a direct swap into its IBIT fund, down to just $1 million from $25 million previously.