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/biz/ - Business & Finance

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55575014 No.55575014 [Reply] [Original]

If BlackRock is already in crypto and the price of Bitcoin is still only $30K then who is going to pump our bags next cycle? Who is bigger than BlackRock?

>> No.55575085

Jesus Christ

>> No.55575717

If the ETF if accepted, Blackrock will add BTC to its overall portfolio, that will be a % of its portfolio, depends on how much % it adds to its portfolio. Who knows they may already own what they want to hold and its simply a matter of making it official on the books. Perhaps their BTC is being held at one of their other companies but not officially by them.

>> No.55575748

>>55575014
they want to buy low

>> No.55575751

>>55575014
exactly btc on the way out last bull run ever rn

>> No.55575760

>>55575014
Depends if your bags have a use case or not.

>> No.55575786

>>55575014
Blackrock makes money trading on volatility/liquidity they do not make money when prices goes up, they actually want to keep price down because they hate us and want us to be poor like they do with PM fags

>> No.55575798

>>55575748
this
it will dump a lot from here

>> No.55575802

>>55575014
I might be retarded but wouldn’t a blackrock ETF mean that anyone could invest in the fund through the stock market? Isn’t it basically like adding more money rails to BTC?

>> No.55575814

>>55575717
They could buy up all the Bitcoin on every exchange easily and not even comes close to feeling it but no way they'll do that, BlackRock doesn't need to buy Bitcoin, they partially own Bitcoin mining companies.

>>55575786
I think this is the case, they will play the long game corner the market and then manipulate the price later.

>> No.55575815

>>55575786
>they actually want to keep price down


Just like they want to keep property prices down? Oh wait

>> No.55575823

>>55575814
>they partially own Bitcoin mining companies.

and the price of bitcoin going up would make the BTC miners they own be way more profitable

>> No.55575849

>>55575823
>profit
I think what they're after is control, profit is easy for them, they don't need crypto for that.

>> No.55575869

>>55575014
>If BlackRock is already in crypto and the price of Bitcoin is still only $30K
Did you check XRP's news ? 30 minutes before the news are released to public, it's pumping 30%.

If you believe Bitcoin will dump to $3k after Blackrock ETF is launched in USA, make a bet on polymarket with your money. I'd be happy to take you on.

>> No.55575878
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55575878

>>55575014
>tfw just watched HAHA outperform blacrock and anons are talking about it like a crypto standard

>> No.55575911

>>55575085
fpbp

>> No.55576670

>>55575869
I'm already shorting every major pump in Bitcoin and you better believe the ETF launch/approval will be a sell the news event