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?
It's a good thing because what we've seen before, they're starting to see it right now. The worry is there but this is normal because even before, we've been thinking of them trying to get into this market but it took them years to realize to buy it.
IMO, they've studied well on this matter and whatever the rich institutions are buying, that's the key and sign on what the retailers should go. It's that we can think of it that they're doing the favor of research for us.
However, don't think that they'll hold forever as they need to make money at all times.