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?
Those institutional investors who have given support to the Bitcoin spot Etf can say that they will not really lose their interest to save bitcoin in their personal accounts. And take note that they always buy a small amount of bitcoin here. And Blackrock is already leading the way in this regard.
And if they will sell it, no one knows; maybe they have set a different amount of bitcoins to sell the others once they reach 100k$ each of bitcoins, in my opinion.