Subreddit Icon r/CryptoCurrency •Posted by u/Zein313 Tin | SHIB 11
Why is Blackrock entering Crypto, a HUGE deal that shouldn’t be disregarded.
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BlackRock, the world’s largest and strongest asset manager with over $8 trillion in assets under management, has officially entered the crypto market in 2023. They have filed for a Bitcoin Fund and are probably buying the dip big time right now.
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TLDR: BlackRock’s entry into the crypto market is a game-changer for the industry. It’s a clear sign that digital assets are here to stay and are poised for mainstream adoption. With more institutional investment, professionalization, and regulation on the horizon, the crypto market is about to get a lot more exciting.
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This is good and bad. They are the huge elephant in the room capable of making and manipulating the market.
And since “regulatory capture” is the rule un the USA Gooferment, don’t expect any “fairness” or “justice”.
Just look at the manipulation of commodity money metals and be warned.
I’d treat the “Market Price” of ₿ as possibly over or under stated as it suits Blackrock’s needs.
DCA of small savings regularly is the only way we have to address that.
When the lid blows of fiat currencies, then expect ₿ to explode. Remember that fellow who bought tow pizzas for some bitcoins? Don’t be that fellow.
Sigh!
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Reinke Faces Life 