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Larry Fink, the chief executive of BlackRock Inc, conceded that his opinion on Bitcoin was wrong five years ago and BTC is a “legit financial instrument”.

The world’s largest cryptocurrency by market cap has been rather volatile in recent months with its price hitting a high of $73,000 and then tumbling down to around $55,000.

It is currently trading just over $60,000.

Fink now believes in Bitcoin as an asset you invest in “when you’re more frightened when countries are debasing their currency by excess deficits”.

The BlackRock CEO sees BTC as “digital gold” that offers more financial control to its investors.

The chief executive reiterated his positive stance on Bitcoin on CNBC’s “Squawk on the Street” this week. And here’s why it may also be positive for the likes of Poodlana (POODL).

If BlackRock CEO Larry Fink’s optimism on Bitcoin is to be believed, it may bode well for Poodlana as well since BTC is the space leader. Whatever direction it takes, the rest of the crypto market tends to move in the same direction.

So, if Fink’s bullish view on Bitcoin plays out and it rallies further in the coming months, the new entrants like Poodlana (POODL) may gain in tandem as well.

The good news is that Fink is not the only one who’s constructive on Bitcoin. Analysts at Standard Chartered expect the digital asset to hit $100,000 in valuation by the end of 2024. You can find more about Poodlana on this link.

The fashionable meme coin POODL that powers the crypto platform Poodlana may be worth buying in August as it’s, in a way, much more accessible than Bitcoin at writing.

Let’s face it, BTC at over $60,000 may not be a suitable investment for an average trader with a limited amount of capital. But POODL at $0.0375 only offers you a means to play the expected strength in Bitcoin at a fraction of its price.

The Poodlana token is currently in presale, during which its price jumps after every 72 hours. Building an early position in POODL may also be exciting as meme coins have a history of explosive growth in the early stages. Click here to learn more about Poodlana (POODL).

A factor that typically suggests an investment is a good one is demand – and that’s something the Poodlana presale has a lot of.

It’s only been days since POODL launched its one-month presale. Still, it has already raised more than $4.6 million which signals solid interest from the investment community.

Additionally, the team behind Poodlana has promised a listing within an hour after the presale. That may add to the list of reasons why it may be a great idea to build an early position in POODL.

Note that they have plans of eventually launching a staking platform and introducing exclusive airdrops and bonuses as well. So, the Poodlana team is likely not here for the pump and dump only. Visit the POODL website now to learn more.

The post BlackRock CEO dubs Bitcoin a legit financial instrument: what does it mean for Poodlana? appeared first on Invezz

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