QCP Capital co-founder: BlackRock's entry into the crypto space has a more important impact than the U.S. presidential election

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ODAILY
10-31
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Odaily Planet Daily Report QCP Capital's co-founder and Chief Investment Officer Darius Sit believes that the entry of the world's largest asset management company BlackRock into the crypto field is more important than the US presidential election. Although the support of Republican candidate Trump may lead to short-term market volatility, Sit pointed out that BlackRock's ETF has brought cryptocurrencies into the mainstream investment field. Sit said that when BlackRock CEO Larry Fink publicly stated on CNBC that is a "store of value", it marks the rise of cryptocurrencies in the US investment market. In addition, Sit also pointed out that although Trump has promised to create a more friendly crypto policy in his campaign, the growth potential of the global market remains to be observed. QCP has recently expanded its business in Abu Dhabi, and the regulatory authorities in Abu Dhabi regard digital assets as part of the capital market, providing a stable market environment. (Coindesk)

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