Quote from: buwaytress on July 23, 2023, 09:56:45 AM

Quote from: Wind_FURY on July 22, 2023, 01:43:40 PM

From just a business and investment perspective, what would be the more significant investments than what BlackRock and the other asset managers are going to bring if their applications are approved? I can't think of any other unless Russia and other sanctioned countries start buying Bitcoin and HODL them in their "vaults".

Why, buying actual Bitcoin and holding it. As I've mentioned many times, institutional interest from 2016 already led to huge OTC buys. Look at the famed custodians holding huge amounts on behalf of institutional. Look at Saylor, more recently. Look at the Norwegian sovereign wealth fund from a few years back.

They didn't need to sit around waiting fir ETFs (which interest short-term speculators). They went out and added actual coins to their portfolios. You don't think those are more significant than ETFs that sometimes also use derivatives? Then again. I'm no expert, just an opinion-monger ha.

I'm no expert too, I'm merely a pleb like most people in BitcoinTalk, BUT what I know is BlackRock has ownership rights in most United States Banks, they own shares in most of U.S. Pharma and they are said to be an administrator of 10% of major stocks WORLDWIDE. The total assets they manage might be half of the United States' GDP, it's said to be worth 10 Trillion United States Dollars.

BlackRock is also the biggest asset manager that owns shares in Amazon, Google, Facebook, other tech companies, AND currently they want Bitcoin.

$500,000?