The world's largest asset management company BlackRock is preparing to launch a trading product directly linked to Bitcoin in Europe, planning to start marketing as early as this month. This is the first crypto-linked product launched outside North America.

• Background:

BlackRock CEO Larry Fink praised Bitcoin at the World Economic Forum in Davos as a hedge against the devaluation of other currencies.

BlackRock has already launched a Bitcoin ETF (IBIT) in the U.S. market, currently managing assets that exceed the total of over 50 European ETFs, confirming its benchmark status for investors seeking regulated Bitcoin exposure.

• Market Impact:

BlackRock's Bitcoin ETF (IBIT) accounts for nearly half of all assets invested in Bitcoin ETFs, a result that reflects the increasing trust of institutions in the crypto industry.

BlackRock's actions indicate that the perception of Bitcoin as a financial instrument is expanding globally and may become part of central bank reserve assets in various countries.

• Market Position of Bitcoin:

JPMorgan expects Bitcoin's market dominance to remain strong in 2025, with Bitcoin currently accounting for about 55% of the total market capitalization of cryptocurrencies.

The price of Bitcoin could reach between $150,000 and $180,000 in 2025, with the total market cap of altcoins expected to grow fivefold.

• Cryptocurrency Market:

ETH and SOL are expected to perform well in the first half of 2025, with significant growth in market capitalization.

The dominance of the sector is expected to peak in 2025 and may decline afterward, creating conditions for the outperformance of altcoins.