According to CoinMeta, Blackstone Group ( BlackRock ) stated that the price of Bitcoin has broken through its previous trading range, showing a sustained strong momentum. Blackstone's head of digital assets, Robbie Mitchnick, believes that the current macroeconomic outlook is very favorable for Bitcoin, and investors' confidence is also continuously increasing. Blackstone manages the largest spot Bitcoin position ( ETF ) – iShares Bitcoin Trust. Mitchnick noted that the trading volume of this position set a record in the past week, and as Bitcoin's price rose by 23%, its stock price also increased to $80,000. Mitchnick also mentioned that debt and deficit levels are major concerns for the market, and these concerns have benefited assets such as Bitcoin. Last week, the stock price of iShares Bitcoin Trust rose by 22.59% to $43.68, achieving its best performance since February 2024, with net inflows reaching $1.33 billion.