Post
Topic
Board Bitcoin Discussion
Re: BlackRock's Bold Move: $1.5 Billion Bet on Bitcoin!
by
AsiaHODL
on 31/10/2024, 14:21:11 UTC
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BlackRock buying $1.5 billion in Bitcoin in just two days for its ETF is a real turning point for the crypto world! I think it shows that institutional investors are really starting to believe in Bitcoin as a serious asset. You could even say that it could encourage other big companies to do the same, which could increase demand and, consequently, the price of Bitcoin. In addition, with a Bitcoin ETF, it makes investing more accessible for those who don't want to complicate their lives with the direct purchase of crypto. Personally, I found it to be a good opportunity, even if the market can sometimes be unpredictable.
What do you think?
Do you think other companies will follow suit?

Blackrock is not buying for itself. Its buying because investors are demanding exposures to BTC via their ETF.

But yes, a US listed ETF is a real game-changer.

Also, "Bitcoin, not crypto".