BlackRock and its actions ... $BLK
Friends, let's have a little opinion on this company. We all probably know it, it's a giant amongst its own, and while we are mainly and only a stock portal, as an investor in this company, future moves to connect with the crypto world and ETF plans can and in my opinion will have a big impact on it.
I know about this company, but I haven't thought of it as an investment. The chart looks nice and I will probably take a closer look at this company. Thanks for the tip :)
BlackRock, Inc. $BLK
Is one of the world's largest investment firms focused on asset management and financial advisory services. The company offers a wide range of products and services, including actively managed investment funds, ETFs, retirement planning, alternative investments, and advice to institutional clients.
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I think the Rothschilds are still pulling Blackrock if I'm not mistaken and shaping world events at the same time so what to expect 😂
BLK alone does not/will not have a big impact on BTC, along with it there are about 10 other funds interested in spot ETFs. They have a strong brand, but any reasonable person will go by TER, because there will be no other differences. Custody will be provided to them all by Coinbase, and the type of redemption given suggests to me that they want to withdraw as much "physical BTC" as possible from retail to limit its real use as money.
We have had futures for some time, even with pakha, so we only have a ring to create more derivatives to "artificially" inflate the limited amount of BTC issued into circulation.
Soon we may see an attempt to ban "unhosted crypto wallets" and, if it comes to it, excessive taxation, taxes on unrealized profits and similar monkeys.
These funds may help BTC to increase its legitimacy, but I think we could do without them, and in the end they may even damage the sector.