BlackRock’s INSANE Plan to Control Bitcoin & the Crypto Market!
The BlackRock Bitcoin ETF: The Great Accumulation Race Begins
BlackRock, the world’s largest asset management firm, has filed for a spot Bitcoin ETF, marking a significant development for the crypto industry. This move has sparked what can be called the “great accumulation race,” as institutions and individuals scramble to secure their share of the limited 21 million Bitcoins that will ever exist. The approval of the BlackRock ETF is expected to have a profound impact on Bitcoin and crypto adoption as a whole.
BlackRock’s lobbying power, financial resources, and extensive connections make it highly likely that the ETF will be approved. Once this happens, a cascade of institutional buy pressure will flow into Bitcoin, leading to broader crypto adoption. A 10x increase in the price of Bitcoin is a reasonable expectation, considering the current market dynamics.
The Implications of Institutional Demand
For the past 15 years, retail investors have had a head start in accumulating Bitcoin. However, approximately 68% of all Bitcoin in circulation has remained untouched for over a year. When Wall Street players like BlackRock enter the market, they will face resistance from Bitcoin holders who are reluctant to sell to institutional investors. As a result, the limited supply and high demand will inevitably drive up the price of Bitcoin.
It is worth noting that while BlackRock is partnering with Coinbase to custody Bitcoin, the exchange is currently facing a lawsuit from the SEC. This raises questions about what BlackRock knows about the SEC’s stance on Bitcoin that the rest of us are unaware of. The partnership with Coinbase and other strategic moves suggest that BlackRock is confident in its ability to navigate the regulatory landscape and ensure a favorable outcome.
The SEC’s Stance and BlackRock’s Strategy
Gary Gensler, the chairman of the SEC, has been known for his skepticism towards Bitcoin ETFs. However, BlackRock’s application for a spot Bitcoin ETF, along with its partnerships with reputable institutions, indicates a strategic approach to address the SEC’s concerns. While Gensler has emphasized the need for regulated exchanges, Coinbase, one of BlackRock’s partners, is currently unregulated. It remains to be seen whether this partnership will influence the SEC’s decision.
Despite the regulatory challenges, it is unwise to bet against BlackRock. The firm’s reputation and influence in the financial industry make it a formidable player. BlackRock’s move to file for a Bitcoin ETF suggests that they have confidence in the potential of cryptocurrencies and are positioning themselves for long-term involvement in the crypto market.
The Role of Retail Investors and Institutional Allocation
BlackRock’s interest in Bitcoin is driven by the realization that retail investors who simply bought and held Bitcoin since the start of the pandemic have outperformed most hedge funds on Wall Street. While institutional investors may not allocate a significant portion of their assets to Bitcoin, a 1-3% allocation is becoming increasingly difficult to ignore. This shift in mindset among large asset managers will drive the demand for Bitcoin and other crypto assets.
The Aftermath of the Bitcoin ETF Approval
Once the Bitcoin ETF is approved, attention will turn to other crypto assets beyond Bitcoin. While Bitcoin remains the dominant player, there are legitimate cryptocurrencies with promising potential. Altcoins like Litecoin, Ethereum, Solana, and Dogecoin have gained traction in recent years. The approval of the Bitcoin ETF will signal the direction institutions intend to take, leading to a mass accumulation of various crypto assets.
Frequently Asked Questions (FAQs)
1. What is the significance of BlackRock filing for a Bitcoin ETF?
BlackRock, as the largest asset management firm, filing for a Bitcoin ETF indicates a major development for the crypto industry. It signals institutional interest and paves the way for broader crypto adoption.
2. Will the BlackRock Bitcoin ETF be approved?
While nothing is certain, BlackRock’s lobbying power and strategic partnerships make it highly likely that the ETF will be approved. However, regulatory challenges and the SEC’s stance on Bitcoin remain factors to consider.
3. How will the approval of the Bitcoin ETF impact the price of Bitcoin?
The approval of the Bitcoin ETF will lead to a cascade of institutional buy pressure, driving up the price of Bitcoin. The limited supply and high demand will create a favorable market environment for Bitcoin holders.
4. What does BlackRock’s partnership with Coinbase mean for the SEC’s lawsuit against the exchange?
BlackRock’s partnership with Coinbase raises questions about the SEC’s stance on Bitcoin. It suggests that BlackRock has insights or confidence in the regulatory landscape that the general public may not be aware of.
5. How will institutional allocation impact the crypto market?
Institutional investors are increasingly considering allocating a small percentage of their assets to Bitcoin and other crypto assets. This shift in mindset will drive demand and contribute to the mass accumulation of various cryptocurrencies.
6. What can we expect after the Bitcoin ETF approval?
Following the approval of the Bitcoin ETF, attention will turn to other crypto assets beyond Bitcoin. Altcoins like Litecoin, Ethereum, Solana, and Dogecoin may experience increased interest and investment.
Conclusion
The filing of a Bitcoin ETF by BlackRock marks a significant milestone for the crypto industry. The approval of this ETF will unleash a wave of institutional buy pressure and pave the way for broader crypto adoption. While regulatory challenges remain, BlackRock’s strategic moves indicate their confidence in the long-term potential of cryptocurrencies. The great accumulation race has begun, and investors should pay close attention to the evolving dynamics of the crypto market.
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I sincerely hope it's not a trojan horse event where Blackrock falls in their sword to please those in power.
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That show host, how did that guy get on TV?
Blackrock has a plan to control EVERYTHING
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