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?
BlackRock and other organizations in the BTC spot ETF space aim to be the major controllers of the market and there's no way they won't be sooner or later because some naive investors choose to invest in their spot ETF rather than making themselves responsible for their BTC holding through self-custodial.
Having said that, the organization's (BlackRock) accumulation of more BTC will increase the market greed level while the disadvantage is that the chance of market manipulation will increase and institution banks will be in charge of 99.6% of their service.
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?
The organization accumulation does not make it hard for anyone who wants to join the market and for the record, the US Government has an auction of Billion of dollars worth of Bitcoin and there's n way this auction will take place that it wont impact the market price.