1. No, it makes me more confident on bitcoin. Even though they rejected it there are still other companies that are getting their hands on bitcoin.
BlackRock is not small company and when such a big company has started accumulating bitcoin then other big companies will follow the lead too.
2. Obviously, even if I would not put a substantial amount into bitcoin I would still hold at least some of it if I were in their shoes.
3. Soon. The time will come soon.
Blackrock isn’t a treasury company. They also sell Bitcoin sometimes, and you could argue they were the reason why the price was stagnant for a while. The companies that are doing a treasury strategy are typically companies that aren’t profitable and are looking for a way to pump their stock price. For companies like Amazon and Microsoft that are already worth trillions, they would have to buy most of the circulating supply available on exchanges for it to really affect their stock price. This would cause Bitcoin to become illiquid and susceptible to extreme volatility.