According to Darius Sit, the co-founder and chief investment officer of QCP Capital, BlackRock's entry into the crypto market is more significant than the outcome of the U.S. presidential election. Sit believes that a crypto-friendly White House would benefit the industry globally. QCP Capital is a Singapore-based crypto trading firm.
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QCP Capital's CIO: BlackRock's Entry into Crypto More Important than Trump's White House Return
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The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.
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