Quote from: worldtraveller321 on March 29, 2024, 09:44:52 PM

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?

The positive side is that Bitcoin is accepted among institutions and large investors, but the negative side is that they are able to spread more negative news thereby making the price fall and then buying cheaply. Blackrock media power is very influential and evident before the ETF approval, they easily tried to confuse retailers who were forced to sell due to the issue. This becomes a kind of control and I don't like them controlling Bitcoin in a dirty way. No matter what they are planning now, the impact is clearly very easy to manipulate and spread concern among small retailers. That's based on my views before and after the ETF was approved. The more we come here, the more we worry that Bitcoin cycle is no longer healthy.
Indeed, Blackrock only acts as a mediator for investors who want to invest in Bitcoin, but they also need the profits from this service. Logically, with the media power you have, it will be easy to do this to your advantage when you want to fulfill investor requests.