BlackRock: Reaffirms long-term bullish stance after Bitcoin's price halved

According to Bitcoin Magazine, BlackRock, an asset management company managing approximately $15 trillion in assets, still expresses a bullish outlook on Bitcoin despite the price of Bitcoin retracing about 50% from its historical highs.

BlackRock stated that the core investment logic of Bitcoin as a "new emerging global currency alternative" and a "unique portfolio diversification tool" has not changed.