Bloomberg Analyst: Even with a BTC Price Pullback, BlackRock IBIT's Annualized Return Remains Close to 80%
Jinse Finance reported that Eric Balchunas, Senior ETF Analyst at Bloomberg, stated that even with a price pullback, bitcoin's price has still increased by as much as 300% since BlackRock submitted its bitcoin ETF (IBIT) application 30 months ago, which is equivalent to an annualized return of nearly 80%. Therefore, the market does not need to worry.
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