Home » Press Release » BlackRock’s Bold Bet On Bitcoin To Hit $700k. Why Elluminex Is Your Next Smart Move

BlackRock’s Bold Bet On Bitcoin To Hit $700k. Why Elluminex Is Your Next Smart Move

03.02.2025 11:31 4 min. read Kosta Gushterov
Disclosure

We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.

SHARE: SHARES

Cryptocurrency is a high-risk asset class, and investing carries significant risk, including the potential loss of some or all of your investment. The information on this website is provided for informational and educational purposes only and does not constitute financial, investment, or trading advice. For more details, please read our editorial policy.

BlackRock’s Bold Bet On Bitcoin To Hit $700k. Why Elluminex Is Your Next Smart Move

Thanks to the latest bullish momentum, Bitcoin is attracting significant attention from major institutions. Most recently, key players from major investment firms have recently given positive signals for the major crypto asset. 

For one, BlackRock’s CEO continues to praise the asset, signaling positive shifts in institutional demand. At the same time, institutional interest in crypto is also benefiting other players. TON is set for major gains after its DeFi token Elluminex started going viral.


This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.


BlackRock’s CEO’s Bold Prediction For Bitcoin 

Like in many other cases, Bitcoin (BTC) is once again driving bullish momentum in the crypto market. Currently trading at $104,797, Bitcoin remains stable above the $100k mark. For these reasons among others, traders are excited about the king of crypto. 

Bitcoin’s strong performance is also driving institutional interest. Most recently, BlackRock CEO Larry Fink made a bold prediction that will likely further drive interest in the asset. The executive suggested that Bitcoin could reach $700,000, increasing almost 7000% from its current levels. 

Fink based this prediction on the potential for institutional adoption. He explained that hedge funds, pension funds, and other institutions could allocate 2% to 5% of their portfolios to Bitcoin. The main reason for such a decision would be Bitcoin’s function as “digital gold,” helping protect against inflation and crises. 

If these players were to allocate that much of their funds toward Bitcoin, its market cap would increase significantly. What is more, BlackRock is also taking its own advice. The fund recently acquired $600 million worth of Bitcoin, making it its largest purchase of the asset yet. 

Toncoin Set For Major Gains

As major institutions start accumulating Bitcoin, Telegram’s Toncoin is in a great position to benefit. Recent ecosystem news has suggested that Toncoin has the potential to be the future of blockchain. 

Most recently, Telegram announced that it would make Toncoin the exclusive currency for its Mini Apps. The mini-app ecosystem enables blockchain dApps to work directly in the messenger app, making dApps more accessible than ever. 

The latest decision means that anyone who wants to use Telegram’s services would have to use Toncoin. These include premium subscriptions, stars, ads, and more. In turn, this will likely boost demand for Toncoin, as it will gain a real use case in Telegram’s ecosystem. 

The latest decision showcases just how much Toncoin benefits from its Telegram integration. The app has a monthly active user base of 950 million, which are all now potential TON users. 

Elluminex Set To Supercharge TON’s Growth 

The rapid growth of TON is attracting a significant number of dApps and DeFi applications to its ecosystem. One of these is Elluminex (ELX), a recently unveiled project that aims to fill the DeFi niche on TON.

Despite its rapid growth, TON has a relatively small DeFi ecosystem. This is a significant issue, as it hurts liquidity on the network, which is discouraging traders from engaging with it. Now, Elluminex aims to fix this by connecting TON with liquidity from over 40 major blockchains. 

Thanks to a network of cross-chain bridges, Elluminex wants to enable easy swaps across these chains. This will in turn open up significant liquidity. This liquidity will help stabilize prices, as well as reduce slippage on trades. 

If Elluminex is successful, it will be another catalyst that brings users and traders into the TON ecosystem. 

For more information about Elluminex (ELX) visit the links below:

Website: https://elluminex.com
Twitter/X: https://x.com/elluminex
Telegram: https://t.me/Elluminex


This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

 



Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.

Telegram

SHARE: SHARES
More Press Release News

Best Crypto to Buy Now as Romania’s Post Office Embraces Bitcoin

Romania’s national postal service, Poșta Română, has taken a bold step by installing its first Bitcoin ATM at a branch in Tulcea. This move reflects a broader effort to modernize infrastructure and bring crypto access to underbanked regions. This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, […]

06.06.2025 23:20 8 min. read Nikolay Kolev

Solaxy Raises $44 Million for Solana Layer 2: Best Crypto Presale?

Solaxy (SOLX), one of 2025’s most popular meme coin presales, has already raised an impressive $44.6 million and continues to attract heavy interest. While meme coin hype has picked up in Q2 alongside the broader crypto bull run, Solaxy has stood out by consistently raising millions even when the market was bearish earlier this year. […]

06.06.2025 12:41 4 min. read Nikolay Kolev

Best Crypto Presale? Best Wallet Token Raises $13 Million for Web3 Ecosystem

Thursday, 6 June, 2025 – Best Wallet Token (BEST) has reached a major milestone, surpassing $13 million in presale funding. With the presale price rising in one day, the window to buy the token at a discounted pre-listing price is closing fast. Best Wallet continues to attract attention as a new contender in the Web3 […]

06.06.2025 12:39 5 min. read Nikolay Kolev

Best Solana Meme Coins to Buy: Could Snorter Token Outperform Dogwifhat and Bonk?

Solana’s total value locked (TVL) has surpassed the $8 billion mark, representing a $2 billion increase over the past two months and signaling renewed confidence and activity across the network. With meme coins, DeFi protocols, and NFTs all gaining momentum, Solana looks primed to challenge its previous all-time highs. Meme coins are once again dominating […]

06.06.2025 12:38 5 min. read Nikolay Kolev
No Comments yet!

Your Email address will not be published.