The post Michael Saylor Issues BlackRock Bitcoin ETF (IBIT) Prediction appeared on BitcoinEthereumNews.com.

Michael Saylor, the Executive Chairman of Strategy Inc., made a strong statement about the future of the BlackRock iShares Bitcoin ETF (IBIT) at an investor event in New York City. Speaking at the Bitcoin conference hosted by Bitwise, he predicted that IBIT would become the biggest exchange-traded fund in the world over the next decade. Michael Saylor on BlackRock Bitcoin ETF In a recent post on X, American Journalist Eleanor Terrett reported that Michael Saylor confidently stated IBIT would become the world’s largest ETF within the next ten years. His prediction was considered valid, considering his firm has a deep involvement in the Bitcoin market. Strategy currently owns 538,200 Bitcoin units. Between April 14 and April 20, the company purchased 6,556 BTC at an average price of $84,785, spending around $555.80 million. This brings the total value of Strategy’s Bitcoin holdings to $36.47 billion, bought at an average price of $67,766 per unit. It is essential to say that Saylor’s recent comments about BlackRock’s IBIT are not just empty talk. If anything, his firm has consistently increased its Bitcoin holdings, showing he believes in the digital currency for the long term.  His support for IBIT shows that same belief, especially as more institutions continue to enter the Bitcoin ETF space. BlackRock Bitcoin ETF IBIT: Current Milestones It is worth noting that BlackRock’s iShares Bitcoin Trust has already seen dramatic growth since its approval last year. In an earlier update, CoinGape reported that by December 2024, it had surpassed $50 billion in assets under management and had grown further to $52.33 billion by January 2025 when Bitcoin ETFs turned 1. This growth made IBIT the largest Bitcoin ETF, ahead of Invesco QQQ Trust Series and Fidelity’s Wise Origin Bitcoin Fund, which hold $18.3 billion and $19.681 billion, respectively. In the broader…

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Filed under: News - @ April 25, 2025 9:27 am