Post
Topic
Board Bitcoin Discussion
Re: BlackRock's Bold Move: $1.5 Billion Bet on Bitcoin!
by
Cryptomultiplier
on 02/11/2024, 13:08:29 UTC
Image loading...

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?

I think that Blackrock is a serious company owned by a serious person with a serious mindset of wealth accumulation. My fear however is in regards to what happens when a huge Bitcoin investor like Blackrock decides to sell off all its crypto currency holdings?
What will happen to the market when these large institutional holders decide to liquidate their assets or diversify their portfolio?

Companies with large pockets and even individuals that have same large pockets can buy via Bitcoin ETF and that's why it was launched earlier this year preceding the halving event that occured. Bitcoin investment may soon become so expensive that common investors may find it hard to invest unless they follow a strict investment plan like DCA strategy to achieve their goals and aim.