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‘The Next Phase’—BlackRock’s $20 Trillion ‘Synthetic Dollar’ Plan For Bitcoin And Crypto Revealed As Price Crash Fears Surge

‘The Next Phase’—BlackRock’s $20 Trillion ‘Synthetic Dollar’ Plan For Bitcoin And Crypto Revealed As Price Crash Fears Surge

Bitcoin and crypto prices have gone into meltdown in recent weeks, adding to a price crash that’s wiped out more than $2 trillion worth of value from the market.

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The bitcoin price has dropped to under $60,000 per bitcoin, down more than 50% from its October peak, with traders braced for a “cascade.”

Now, as analysts with JPMorgan warn a bitcoin price nightmare is suddenly coming true, BlackRock has said it will integrated Ethena’s yield-generating “synthetic dollar” into its $20 trillion Aladdin risk management platform.

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