As per Cryptofrontnews, BlackRock consulted Michael Saylor in October 2020 during Bitcoin’s bear market, when MicroStrategy’s stock traded in the teens. Saylor’s insights influenced BlackRock’s Bitcoin strategy and regulatory engagement with the SEC. Eighteen months later, BlackRock launched its Bitcoin ETF, iShares Bitcoin Trust ($IBIT), which now holds $86 billion in assets. BlackRock CEO Larry Fink noted that discussions with Saylor and other experts informed the product design and regulatory approach. Saylor’s bullish perspective on Bitcoin’s long-term value helped shape BlackRock’s institutional strategy.
BlackRock Consulted Michael Saylor in 2020, Leading to $86B Bitcoin ETF Launch
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