Remember that Wall Street bigwig who once called Bitcoin a "money laundering tool"? Now he's made a complete 180.

BlackRock's boss Larry Fink recently admitted publicly that he was wrong back then! His new stance is that BTC is "digital gold," and can serve as a safe haven during inflation and geopolitical turmoil. Just days after making this statement, his IBIT made it clear with the numbers: its assets under management soared past $70 billion, setting the record for the fastest ETF to reach $70 billion in history. Even more impressive, options open interest hit 7.9 million contracts, putting it in the US top ten alongside old-timers like Apple and SPY.

From being a staunch opponent in 2017 to becoming a fervent backer in 2025, that’s quite a dramatic turnaround, isn’t it? Institutions are truly convinced this time. BTC’s price responded as well, rebounding 2% and approaching the $88K mark. With traditional finance fully switching sides, could this rally really take off? Let’s wait and see.