So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?
Sure for anyone who hodls BTC and Blackrock buying more, value goes up. so it works for people already holding BTC.
Yet it makes it harder for others not in the market yet to buy more amounts , they will have to consider buying less now if on a budget.
Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?
Good for the fact that they are buying bitcoin since aside for they are accumulating their action can also cause some attention and create some hype for people following them and might do the same then demand will rise for short while.
The bad thing there is when they decide to sell since we know how influential that institution and whenever there's something news about sell off there are lots of people getting panic also lots of article will be spread just to scare people then this will lead into those unwanted dumps that's why we need to be more aware about this so that we will not fall on something strange thing happening once theirs manipulation happened in the market.