BlackRock Pulling A 180
The other day Blackrocks Ceo came out on an interview and had this to say about bitcoin
source
“We do believe that if we can create more tokenization of assets and securities – that’s what bitcoin is – it could revolutionize finance,”
“Instead of investing in gold as a hedge against inflation, a hedge against the onerous problems of any one country, or the devaluation of your currency whatever country you’re in – let’s be clear, bitcoin is an international asset, it’s not based on any one currency and so it can represent an asset that people can play as an alternative.”
Well the same man was someone not wanting bitcoin to succeed and fighting it in every chance he could get.
“Bitcoin just shows you how much demand for money laundering there is in the world,”
2017 comment about bitcoin
Of course, he has gradually changed his views over time, but this recent shift is quite significant. It is not just BlackRock; I find it concerning that many big players are altering their stance. Additionally, in June, we witnessed numerous major funds expressing interest in launching a Bitcoin ETF. This leads me to question the possibility that these influential entities are changing the narrative with the intention of offloading their own Bitcoin holdings.
Is it plausible that they aim to attract retail investors, selling then driving the price lower and creating a situation where more people are forced to sell? This would allow them to accumulate Bitcoin at cheaper prices before eventually causing its value to rise again.
I can't help but wonder why BlackRock has chosen to make such a public statement now, particularly without any prior rumors. The timing and the lack of information surrounding their decision do not make sense to me.
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Exactly, it feels exactly queer that all the big boys are reverting their stance on Bitcoin. Blackrock's was the most surprising and sincerely at this juncture, anything can actually happen. However, it looks good on paper, we just don't know how it is, off-paper.
Yes i do believe that this money is needed for crypto to rise again in prices and the spotlight is bringing but we also have to be cautious and not fall to any trap
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Now that they have their bags full there's no doubt they turned 180...
These people know how to make money and how powerful media propaganda is.
Yes with their pocket they can change the narrative when ever they want
They are trying become the JP Morgan of Bitcoin. For decades now the silver price has been controlled by JP Morgan. Black Rock is trying to do the same with Bitcoin. Flood the market with contracts price goes down, it’s simple for them to do.
Yea interesting control the price and manipulate it to profit when you want to
Exactly
Doesn't make any sense to anyone. Was it a pump and dump? Are they driving down the price to buy more cheaply? Who the hell knows? Bastards...
Yes all we can do is be careful and stay vigilant
True, the way BlackRock and others tradfi are taking a U turn.. tells a lot about they just want to drag prices as much as can.. fill their bags and fuel the rally.
They look confident about ETF getting approval.. interesting times ahead.
Micheal Saylor too did
I’m battling my eyes at this too. But I think it’s the media trying to over blow it and force a pump
they play their game
good luck to all players :) stay careful