My BTC "Hoard" is 10x the of what it was at he low of 2020....just saying.....as a caution (IMHO) however is that Institutions or those who HODL and move BTC/Crypto for
others and take a fee....will never really HODL long term...with maybe the exception of Strategy....all those fees....all those bonus....all that looking good for managment
for moving/shaking and stirring all that btc/crypto....so if it comes between them looking like they are smarter and make their bonus or selling early rather then HODL
the people 'moving' this btc/crypto around will never really HODL and get out first...it is just (again) human nature....no INDIVIDUALS HODL'ing no issues..even SOME
institutions that HODL btc directly...But as to blackrock...with 'clients' doing so for others...
I kinda think they will get in and out at various times (probably wrong) and let their clients eat
the down end and get fees on the top end FOMO..as a way to keep fees and lessen risk to say blackrock....but meh....I know zip...just how I see it....more volatility due to
institutions...smarter people then me have made this view known...
Brad - Many retirees have spot Bitcoin ETFs (Blacktrock's IBIT & Fidelity's FBTC) in their tax-deferred, self-directed IRA accounts which have mandatory RMD (Required Minimum Distribution). Those investors will most likely only be making an annual RMD withdrawal of about 4-6% of the balance from the total of their account. That said, the people with spot Bitcoin ETFs in their retirement accounts will most likely only be shedding a very small number of those ETF shares, retaining the balance - therefore the amount of Bitcoin needed to cover those ETFs will of course be held. I don't foresee any 'get in and get out' from the retirement accounts. Retail traders on the other hand will be the ones that will try to time the market... Investors such as myself will not be playing that game of trading...and I strongly suspect a lot of 'investors' (in the truest sense) have bought shares in spot Bitcoin ETFs and plan to hodl as I do.
200
But if everyone withdraws like in other panics..due to real life needs (runs to broker like in 2006-2007) I can see such decison's to unload...if that is what the majority of the clients want
in my view at least briefly IF we have a major recession people will dump btc...due to the reality no equity in house...(falling worth) credit card debt and basically for a lot of folks they will hit the btc before they touch stocks as
24/7 for fomo 24/7 for panic
I assume 'blackrock' and others would sell especially if they l bought lower....so blackt sorock may HODL but it won't be the same btc..it will be sometimuyes sell a loty a lot
and sometimes buy a lot depending on clients i would think (then again people could wait it out if bonds were doing worse) just saying there is no buffer from what i can
tell any income high or low....people get over extended...thus recession..thus everyone knows on such they should be buying at the low stocks or btc or whatever but
reality is they sell
I wish blackrock would just ride it out and HODL..but with corporate think..just can't see it