‘BlackRock Investing $17.7T in XRP, BTC & ETH?!’
Is BlackRock Really Investing $17.7 Trillion in XRP, Bitcoin, & Ethereum?
There have been recent rumors circulating in the cryptocurrency community claiming that BlackRock, the world’s largest asset management company, is planning to invest a staggering $17.7 trillion in cryptocurrencies such as XRP, Bitcoin, and Ethereum. However, it is important to note that these rumors are not based on any credible sources and should be taken with a grain of salt.
BlackRock has not made any official statements regarding such a monumental investment in cryptocurrencies. While it is true that the company has shown interest in blockchain technology and has even established a working group to explore its potential applications, there is no concrete evidence to suggest that BlackRock is planning to invest such a substantial amount in specific cryptocurrencies.
BlackRock’s Interest in Ethereum and Blockchain Technology
Although the rumored $17.7 trillion investment may not be true, BlackRock has indeed expressed interest in blockchain technology and Ethereum specifically. BlackRock CEO Larry Fink has stated that the company is looking closely at blockchain because it has the potential to revolutionize the financial industry by increasing efficiency and reducing costs.
In 2019, BlackRock started showing signs of interest in Ethereum when it purchased a small position in the cryptocurrency. This move indicated the company’s curiosity and desire to understand and explore the potential of digital assets.
Furthermore, BlackRock has embraced the idea of decentralized finance (DeFi) and smart contracts that are powered by Ethereum. These technologies enable new ways of exchanging value and offering financial services without intermediaries, potentially disrupting traditional financial institutions.
FAQs
1. Is BlackRock really investing $17.7 trillion in cryptocurrencies?
No, there is no credible evidence to support this claim. It is merely a rumor without any reliable sources backing it up. While BlackRock has shown interest in blockchain technology and cryptocurrencies, there is no confirmation or indication of such a massive investment.
2. What is BlackRock’s stance on blockchain technology?
BlackRock has expressed interest in blockchain technology due to its potential to disrupt and enhance the financial industry. BlackRock CEO Larry Fink has acknowledged the transformative power of blockchain and its potential to increase efficiency and reduce costs.
3. Has BlackRock invested in Ethereum?
Yes, BlackRock has shown interest in Ethereum. In 2019, the company purchased a small position in Ethereum, indicating its curiosity and willingness to explore the potential of digital assets.
4. What is BlackRock’s view on decentralized finance (DeFi) and smart contracts?
BlackRock has embraced the concept of decentralized finance (DeFi) and smart contracts. These technologies, powered by platforms like Ethereum, hold the potential to disrupt traditional financial institutions by enabling peer-to-peer financial interactions without intermediaries.
5. Should investors consider BlackRock’s interest in Ethereum?
Investors should consider BlackRock’s interest in Ethereum as a reflection of the growing recognition and adoption of blockchain technology. While it doesn’t guarantee specific investment returns, it showcases the potential long-term value of blockchain and Ethereum as part of a diversified investment strategy.
While rumors often circulate in the cryptocurrency space, it is crucial to rely on verified sources and facts before making investment decisions. BlackRock’s interest in Ethereum and blockchain technology highlights their recognition of the disruptive potential of these technologies, but specific investment plans should be based on thorough research and analysis.
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Gary Gensler is a clown. 🤡
Thanks Tony 🎉🎉🎉
Big money going to monopolize crypto and discriminate against small investors.
SEC now investigating Elon Musk and
Great info! Thanks Tony!
Totally misleading and wishful thinking!! As of the second quarter of 2023, BlackRock had total assets under management (AUM) of around 9.4 trillion U.S. dollars!!! So how will Blackrock invest $17.7 Trillion in Crypto? World wide there is 95tn invested in the stock market, so no way 20% will go into Crypto., keep on dreaming
our time has come tony
Thanks Tony!!!!
Blahahahahaha
Indian scammer
Homomorhic encryption… that's that dero tech. That's interesting
Tony – thank you for removing all the extra commercials from your videos!! We really appreciate it – it gives your content more integrity. 🙏 🙏 🙏
Clickbait just a tad. This is not happening today or next week
Do you use a ledger nano x
I have touched mine for a year
A little worried about it
Any info would be appreciated
👍🙏🇦🇺
Maybe 5% of that. Only 1.7T ‼️‼️😉😁 lets see from there 🇺🇸
Hahahaha.. nothing changes. Xrp forever n ever under $0.60
We need to get rid of the sec
I really hate the thought of gensler winning with a settlement. This is dangerous to crypto and opens up more potential problems with this gensler at the helm.
There are many news about XRP but in actual what XRP can’t achieve is it’s upward trend, XRP already lost what it gained this week
So some guy speculates on what Blackrock will do and you create a sensationalist video about it as if it's a sure thing
I respect your work mate. TA is good but I find it truly baffling that all major crypto youtubers just look at pure T.A and completely Ignore the bigger narrative of why BTC Is dumping, why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peaks of BTC.. We were already on shaky footing with historically low volume and almost pure whale pumps and dump, narrowly avoiding a long – term bear market. more emphasis should be put into day trading as It is less affected by the unpredictable nature of the Market.. I have made over 11btc from day trading with lsabelle Scott, insights and signals in less than 3 weeks, this is one of the Best medium to backup your assets incase it goes bearish.
That's not what was said though.
This is Gary's Mom. Why are you guys being so hard on my son. He works so hard !
Impressed by the meticulous analysis you've done! Your attention to detail is truly commendable
Calling bs. BlackRock doesn’t have $17.7 trillion. They don’t even have that amount under management.
Best exchange to buy xrp in the US?
Why on earth would they waste their time with garbage ETH? Too many vulnerabilities, comparatively slow, and costly.
Thanks for continues updates! I am super excited about how my investments is going so far, making over $13k every week is an amazing gain🥰
Great video, as always, Tony.
I'm new to cryptocurrency and I don't understand how it really works. Can someone guide me on the right approach to investing and making good profit from cryptocurrency investment
Most people think that investing in cryptocurrencies is just buying and holding until it rises, but the best investments on cryptocurrency is by putting it on trading or mining them and Stock trading
The Bank of England, plus 72 other Nations Reserve Central Banks have already stated publicly, that they will commence utilising Ripple XRP Ledger ( XRPL) in few months time !!! With All Countries on Board the XRPL by September 2023, as per Brad Garlinghouse public announcement months ago.
:50
Your videos are not coming up on my feed I have to click on your actual channel to see your recent uploads.
Nice click bait
Mrs. Theresa Walton the bitcoin trader is legit and her method works like magic I keep on earning every single week with her new strategy.
It was great meeting you at the Proper Party. We had asked if you could interview the CEO of Stronghold, Tammy Camp.
Over the target(s) long and short!
Thanks Tony. I'd be very surprised if SEC didn't approve Blackrock first to give them an advantage because everyone knows how corrupt Gary 'noncompliant' Gensler and the SEC are.
This is about BTC not ETH or XRP. However, with that being said ETH and XRP will be affected while the price of BTC is mooned. Typically when BTC goes up so does ETH. XRP may follow suit after buts it’s not going up with BTC/ETH.