Greedy Investors Buy Bitcoin, BlackRock Seeks to Hire Blockchain Expert

If you suddenly missed something important, do not worry — we have picked up the most interesting events of the past week especially for you. Read our digest to learn about the most exciting news.

Despite the downward correction of BTC, investors remained optimistic, and the cryptocurrency Fear and Greed Index was at highs in the area of ‘extreme greed’.

On January 20, bitcoin retreated from the previous day’s high of $37,600 and declined to the area of $33,000. The coin then broke through this round figure and aimed for the next $32,000 support. But even such a rapid weakening did not tell on players zeal — the greed index remained high (75/100).

Remarkably, a similar situation was observed in early January, when BTC staged a pullback from record highs above $42,000 and went under the $32,000 mark. Then the investors turned out to be even more greedy, and the index showed 84/100. However, on Friday, January 22, the market’s enthusiasm somewhat subsided, and the indicator fell to 40. While bitcoin continued to move south — before the daily close, the asset pierced the $29,000 level, but then recovered slightly (at the time of writing, it suffered losses at $31,700).

At the same time, BlackRock, one of the largest investment companies in the world, plans to invest in bitcoin as read the data provided on the website of the US Securities and Exchange Commission (SEC). The other day, the company’s investment director, Rick Reeder, said that bitcoin was more functional than gold.’

Judging by the latest forecast for 2021, BlackRock decided to rethink its current activities and change the investment vector. Probably, the world’s largest investor plans to enter the digital market through bitcoin futures. By the way, the company seeks to hire professionals in the blockchain. So if you are one, you can try yourself in a cool international project!