Analyst: BlackRock's approach to the crypto space may change the market

According to today's Dailyhodl report, cryptocurrency analyst Tyler Swope revealed the latest update from BlackRock, the world's largest management company, entering the cryptocurrency market. According to Swope, BlackRock's acceptance of the cryptocurrency space represents a major change in the market. Swope commented to Rick Rieder, chief investment officer of BlackRock, at the time Rieder claimed that BlackRock was 'diving' into Bitcoin and that Bitcoin had grown to be part of its capital. Swope also noted that several BlackRock CEOs, including Director of Sustainable Investments Brian Deese and Chief Investment Consultant Wally Adeyemo, held key positions in the management of Biden and were sufficient to influence US policy. Swope added that BlackRock was involved in the bitcoin mining industry, its integration with business processes, and BlackRock could use some of its management within Marathon Digital Holdings to initiate discussions on the bitcoin market. Marathon Digital Holdings is the largest Bitcoin mining company in the United States and a member of Michael Sailor's Bitcoin Mining Committee.