BlackRock Goes All-In: $2.5B Bitcoin Splurge Sparks $100K Price Speculation
Wall Street’s quiet bull just turned roar. BlackRock dumped $2.5 billion into Bitcoin last week—while traditional investors were still debating ’digital gold’ memes. This isn’t dip-buying. This is a full-scale institutional stampede.
Price implications? The $100K psychological barrier now looks like a speed bump. Bitcoin’s 2025 rally already defied three ’market top’ predictions—each time proving the permabears wrong. Meanwhile, gold bugs watch helplessly as their ’safe haven’ gets disrupted by a 15-year-old software protocol.
Cynical take: When the world’s largest asset manager starts front-running retail, you know the real smart money has arrived. Your move, Jamie Dimon.
Source: Farside Investors
BlackRock Pushes Bitcoin Past $95,000
The latest market rally is most likely due to institutional purchases. Most retail investors are likely sitting this rally out. BlackRock’s over $2.5 billion purchase may have pushed BTC’s price above $95,000 earlier today.
Other bullish developments may have aided in BTC’s rally. The SEC has appointed pro-BTC candidate Paul Atkins as its head. Many anticipate a more relaxed environment for the crypto industry under his watch.
There is also a chance that the Federal Reserve will roll out an interest rate cut soon. Inflation in the US is cooling, and the Fed could respond with lower rates.
Can The Original Crypto Reclaim $100,000?
Bitcoin (BTC) faces substantial resistance at the $95,000 level. The asset has struggled to break past this level for the last weeks. The asset may breach the $100,000 mark if it can break its current resistance level.
CoinCodex analysts present a very bullish outlook for BTC. The platform anticipates the asset to hit a new all-time high of $132,727 on May 8. BTC’s price will rally by nearly 40% if it hits the $132,727 target.
There is also a chance that Bitcoin (BTC) will continue moving in a sideways trajectory. The market is holding steady at current price levels. A rate cut could be what triggers the next bullish leg.
