Quote from: goldkingcoiner on Today at 03:44:49 AM

Quote from: Best-mary on March 10, 2024, 08:21:49 AM

Hey guys how y'all enjoying this bull run? So something got me thinking after reading this news about Blackrock filing to get more BTC for their Global Allocation Fund.
Y'all can read the news here, it's a minute or 2 minute read: https://cointelegraph.com/news/blackrock-buy-spot-bitcoin-etf-global-allocation-fund

I mean, the funds coming from ETFs are really showing its worth. I can see the excitement on everyone's faces that bought BTC. I also have benefited a lot from it, engaged in different events like the Welcome to bull run on Bitget, some farming airdrops on Binance and many more.

But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.

The worst that Blackrock can do to Bitcoin is to sell their bags. That would drag the price down hard, but Bitcoin would bounce back in a short time. The ones who would be tragically affected would be the people who bought their ETFs. But such a scenario is unlikely. Possible, but unlikely.

The faith in Bitcoin might take a hit too, so there might be a crypto winter if something happens to the other institutions.

But even if all that were to happen, I still would not sell my bitcoin for fiat. Grin

This too. I'm not gonna lie but I have made a good profit from these ETFs types specifically from that Welcome to bull run event I joined. Imagine BTC getting to 72K when is not yet gotten to its halving stage all we need to do is long the market and leave sooner even the halving date is so close