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BlackRock CEO Touts Bitcoin as an Alternative to Gold as BTC ETF Inflows Hit 4-Month High

  • BlackRock CEO Larry Fink believes Bitcoin is an asset class in itself and an alternative to gold.
  • Fink sees potential for the cryptocurrency industry to experience significant growth, similar to the mortgage market.
  • Bitcoin ETF inflows reached a 4-month high with Fidelity leading the way with $239M in inflows.
  • Short liquidations and increased USDT deposits to exchanges contributed to recent Bitcoin price gains.

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