BlackRock Coming For Your Bitcoin?

1 year ago
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𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
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In this video, I discuss how BlackRock is partnering with Coinbase to offer Bitcoin to its institutional clients.

This is huge news, as it means that an asset manager with $10 trillion under management will be directing investing flows to Bitcoin.

It also marks a large about-face, where a highly pro-ESG firm like BlackRock suddenly finds that there are no environmental problems associated with investing in Bitcoin or offering it to clients.

I predict that BlackRock will win the race to issue the first spot Bitcoin ETF in the US. It will probably also accumulate a lot of ETH and use it to exert its political control over the protocol once Ethereum has moved to proof of stake.

Finally, there is a good chance that the Federal Reserve ends up using BlackRock to buy some Bitcoin at some point in the next 5-10 years.

Weak hands are selling their Bitcoin, while BlackRock and its institutional clients will be buying Bitcoin. Make sure that you end up on the right side of this trade.

Not investment advice! Consult a financial advisor.

Larry Fink used to hate Bitcoin:
https://www.cnbc.com/2017/10/13/blackrock-ceo-larry-fink-calls-bitcoin-an-index-of-money-laundering.html
https://markets.businessinsider.com/news/currencies/bitcoin-larry-fink-jamie-dimon-worthless-opportunities-blockchain-crypto-blackrock-2021-10

Now Larry Fink likes Bitcoin:
https://www.wsj.com/articles/larry-fink-says-blackrock-is-studying-cryptocurrencies-11649865971
https://twitter.com/marketwatch/status/1555190272354574339?s=27
https://blog.coinbase.com/coinbase-selected-by-blackrock-provide-aladdin-clients-access-to-crypto-trading-and-custody-via-b9e7144f313d

Larry Fink stands firm on ESG:
https://www.barrons.com/articles/blackrock-ceo-fink-esg-investing-51649868290

BlackRock has a history of helping the Fed:
https://www.wsj.com/articles/federal-reserve-taps-blackrock-to-purchase-bonds-for-the-government-11585085843
https://www.wsj.com/articles/fed-hires-blackrock-to-help-calm-markets-its-etf-business-wins-big-11600450267

US debt clock:
https://www.usdebtclock.org/

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#bitcoin
#blackrock
#coinbase

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