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?
BlackRock is a very influential and powerful investment company. SEC confirmed Bitcoin ETFs because there was pressure from companies like BlackRock. Their involvement is good for making Bitcoin more popular, adopted and expensive. Expensive Bitcoin means higher profit for early holders but this massive adoption and an open door with BlackRock comes with one disadvantage and that's the slow centralization of Bitcoin. When centralized companies offer centralized services with Bitcoin, we are losing decentralization and Bitcoin's main value is decentralization. It doesn't mean that centralization will make BTC cheap but the problem is that Bitcoin will not be a good payment method.