Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.
But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.
With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!
The more Bitcoins people have, the better. Sadly, Bitcoin is getting centralized, exchanges and centralized companies are buying more and more Bitcoin. BlackRock has enough money to manipulate the coin's price but I think they won't do it because if they do that, they'll get a negative force from people and media, which will negatively affect to their reputation (to my mind).But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.
With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!
How wonderful all these companies, universities, politicians and so-called financial experts that a few years ago were trash-talking crypto-currency are now investing in it.
Bunch of hypocrites if you ask me.
Okay, so, BlackRock CEO calls Bitcoin an index of money laundering. Today, they buy Bitcoins. What does this mean? Does this mean that BlackRock launders money? Okay, good job BlackRock, you are a criminal. They should be in court and the CEO should be arrested because of money laundering via Bitcoin.Bunch of hypocrites if you ask me.