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This Bitcoin Investment Thesis Is Everywhere. Here's Why You Shouldn't Care About It At All

When Bitcoin (CRYPTO: BTC) hit the $100,000 mark in December, all lights appeared to be flashing green. Many investors were convinced that Bitcoin was about to go parabolic. This astonishing turn of events has led some investors to rethink everything they know about Bitcoin, including the famous "Bitcoin Cycle" investment thesis that claims to predict the next move of the world's most popular cryptocurrency.

BlackRock launches first bitcoin product in Europe

BlackRock has launched its first bitcoin exchange-traded product in Europe, in a bid to tap growing demand for cryptocurrency exposure in new markets after attracting more than $50 billion into similar products in the United States. The world's largest asset manager has launched its 'iShares Bitcoin ETP', according to a BlackRock product page online, which is domiciled in Switzerland and listed in Paris, Amsterdam and Frankfurt. BlackRock declined to comment.