Blackrock's launch of Bitcoin pushes its price to $25,000

Bitcoin (BTC) continues to rise towards $25,000 during Wall Street's opening on 11 August, amid news that the world's largest asset manager has launched BTC.

"Here comes Wall Street." That's what former Grayscale CEO Barry Silbert said of Bitcoin's arrival on Blackrock. TradingView data showed Bitcoin jumping to $24,921 when it began stock trading in the US.

And while we know that today's bitcoin price is far from a high, this Wall Street exit has boosted market sentiment in a big way. 

"Final comment on this: I think the news from Blackrock is probably the most bullish news for long-term bitcoin holders ever," William Clemente said on Twitter.

“Not just the news itself, but that it signals to some the water is fine and to others if they don’t offer their clients BTC they’ll get their lunch ate.” BlackRock CEO Larry Fink called bitcoin "an indicator of money laundering" just five years ago. By 2020, he seems to have changed his mind, recognising the potential of the largest cryptocurrency.