Bitcoin Forum

There have been rumours in the market recently that black rock wants to accumulate more bitcoins, but at more reduced rates and for this they will make the market crash more. I don't know if this news is really true or if it is just a rumour.

This is one dark side of these giants that they will never play fair. They have enough money to influence the crypto market which is still at the very initial stage and move the market according to their wish.

https://i.ibb.co/5Tfq0Zg/blackrock.png
https://www.binance.com/en/feed/post/1026075

That's not good for the crypto industry as big companies always tried hard to manipulate the market and filled there bags up. This threat of manipulation is not only from BR instead many other big giant companies interested in BTC wants to take entry at lowest point.

The only thing holding BTC back is the trust people have in it. IMHO, such platforms will only face failure once the public having trust in them will see there true face. By true face I mean how they wanted to manipulate the market (if they really wants to).

We should always prepare for the dips and should not act upon these dips and sell in loss. But those who are in future can not prevent from such dips, the only advice I have for those is left the future start doing accumulation as now is the time. Not a financial advice.

Why believing everything you see online? It is even on a chat on Binance.

Who wants to buy bitcoin at high price? People will prefer to buy bitcoin at a low price and expect the price to increase.

I do not see any manipulation.

Where is the manipulation? I do not see anything that I can point to that indicates that Blackrock wants to manipulate bitcoin  price.

The original source of this speculation is just trust me bro. Ofc Blackrock and anyone who wants to invest on Bitcoin wants to invest on cheaper price but that doesn’t mean that the price will adjust so that they can make an entry.

This kind of narrative is a wild speculation to backup the hypothesis that the current dump is due to Blackrock trying to bring the price down while the crypto is just experiencing a natural price correction in reality.

Reading online speculation will just make your mind confused about this conspiracy theory that doesn’t have proof supporting it.

Yes, they love to manipulate the Bitcoin Price. And that's what they want to do, all these companies want to use Bitcoin for their advantage and they don't give a single freak about the people invested in Crypto or Bitcoin. It's all about them at this point. In the end, they can't control the price at all. Keep them trying, don't worry at all. They surely have enough money to manipulate to be very honest.

The big players are now in crypto, maybe they are right Elon's rumor that he sold his BTC recently I think is just one blow from the big boys. There are a lot of institutions coming into crypto who are also expecting their ET to be approved of course they want prices to be more affordable for them.

I would really believe there is truth to this if they can drag the price below $20,000. But if it goes up instead, its a loss for those who believed.

Would I be surprised if BlackRock are actually trying to manipulate the price? Absolutely no. Do I think they are doing it? It could be. Would they be the first ever to manipulate (or trying to) bitcoin's price? Absolutely no, they won't even be the last. Anyway there are always less and less people selling their bitcoin at these prices, maybe we could go down a couple of thousand dollars more but I think it's extremely unlikely that we can go much further than that.

We should not believe and make decisions based on such unofficial news, like the one who made withdrawals from exchanges and dropped the market more back on August 17 just because they heard unofficial news of Elon's SpaceX selling BTC. In fact, I still think there is no confirmed news or announcement that could confirm that they really sold the BTC. But the point is, whether they have sold or not, why are we acting upon them? We should have faith in the market instead of these manipulators.

I am not denying the fact that these whales and big icons have had an impact on the crypto industry, but at least we have to trust BTC from our side. I am also not denying the fact that many traders, like in margin trading, have to make decisions based on such selling and buying, but those who intend to hold should really not sell. But I think loss and profit are things that happen all the time, and if people start to believe in such things and make trades or existing trades based on unofficial data, then they might really face losses."

I don’t know if I’d blame Blackrock solely for this recent drop in price. It makes sense that big players would want the price to drop though. Knowing that a ton of BTC from mtgox will be sold at any price as soon as customers get their hands on it, the logical thing is to get the price as low as possible to advantage of that coming scenario.

Meh, even if that's true I don't care. They want to accumulate more, so am I.
Bring some more cheap coins by manipulating the market. I won't sell, I'll buy. Let's see who will win this fight.

I have doubts regarding the news; it could either be true or false. If you possess any dependable sources, kindly share them. Anyone can openly contribute to the Binance feed without limitations. However, it's worth acknowledging that significant entities like big whales or institutional investors could potentially influence the market to their benefit. Despite the potential harm to current holders, preventing such actions is challenging. It might be wiser to leverage their manipulations to potentially gain from them.

If I were BlackRock I'd spread such rumours, too. That's the cheaper way trying to manipulate the market because there are far too many people who take such news/gossip/rumours for granted, regardless of the sources. Personal search bubbles and echo chambers do the rest. Some weak hands might loose their nerves (and coins in the end), but that's likely not enough momentum to produce a significant shift of the market for such players like BlackRock.

Or what do you think they could use as toolset to achieve what this gossip is about?

There is much news about Blackrock these days and one that almost confirms what you just narrated, OP, is that it is now the 2nd largest shareholder in 4 biggest Bitcoin mining firms.
I just got the signal from my social media platform and although I don't know how legit the information is, it sure means that we would be experiencing some movement in the crypto market, mostly as it concerns BTC investments and trading.

I don't really follow or believe that the market is heavily controlled by these large companies.
Hearing about large companies attempting to influence the market strengthens my belief that there is something they are truly after in the market. Because they own the majority of the coins in circulation, crypto whales have the ability to manipulate the market. I'm just amazed that this information is being made public. If none of this was intended, there would be no rumour of it. But I continue to feel that this is just another speculation that can and cannot be real. Let us wait and see what the market translates to for us in the next months.

They can't control the market but they can heavily affect huge part of it once they sold their holdings and/or buy.

How true the rumor is? How they can crash the market if they never sell, and how they can sell if they never bought. Only FUD and FOMO can affect most traders to sell or even buy in panic where market is going up or down suddenly in huge lap.

I wonder what kind of tactics they may try to push forward to manipulate the market. If this news are true then I would not surprised if during the beginning of the new year we started to see more news about advances within the field of quantum computers and their incoming threat to Bitcoin, they may try another campaign to spread FUD using the energy consumption of the network, as it has happened before.

They may try anything to scare the average trader into selling their satoshis and trigger stop losses.

In the end, it does not matter for long term holders, if anything this may become a new opportunity to accumulate some satoshis at lower price before the halving. Let us see what they got.

You don't need news, rumor to know that whales and market manipulators will do their games to get as cheapest price as possible for their accumulation.

Need example, you can take the market crash in March 2020 when it was very close to the Bitcoin halving in May 2020 but unfortunately price crashed a lot. Many people surprised and lost money if they use leverages, got forced liquidations. In contrast, whales accumulated cheap bitcoins.

Is there any tentative date for this event to take place? The better solution would have been to give an equivalent worth of fiat money to the  mtgox victims because at that time the bitcoin price was very very low and if this mtgox haven't happened, they would have sold all their bitcoin long before. Getting those bitcoin now is like those victims are being giving a lottery or something.


Let's suppose it is not a rumour, even then it is good that the price comes down so you and me can buy more bitcoins. It is not like the bitcoin price will come down and never go up again. The dump will be temporary and we should have a plan to take full advantage of it. Since we do not know the exact bottom, keep on DCA on every support of Bitcoin.

Rumors are just that : rumors. Although its quite feasible that powerful financial institutions may try to sway the market, Bitcoin's decentralized structure provides the biggest barrier to such actions.

Sure, it may appear opportunistic and perhaps a little self-serving if BlackRock or any other institution tries to profit from Bitcoin by briefly driving the price down. But lets consider this from the perspective of an economist: its a signal. a sign that they believe Bitcoin may one day be valuable. And isnt it sort of a compliment to the crypto community in some ways?

The bottom line: Pay attention to the wider picture rather than getting sucked by rumor. Although the road ahead may be difficult, the community's tenacity will carry Bitcoin through its mission to democratize finance.

I am suspecting that the bigger boys (big companies) in the cryptocurrency world are in competition to acquire more bitcoin to their firms and manipulate the market to the direction they like. Those who are not rich to buy more to their portfolio suffered more to the hands of the few whales. If Blackrock decided to buy more bitcoin when the price goes down then the recent price drop is good for them to buy. Now the halving is very close again so they can also wait for the halving to acquire the unit they want. And if they are planning to make the market crash before buying, some of the investors will be afraid and traders will be scared because they might loss when it drop. So that might make them to steer clear from the market now.

Yeah, I've seen it on Twitter already. It's all rumors, but sounds kinda legit. I mean, that's possible and I guess that's something that you would do if you can, and they definitely can. The only problem is that we can't do anything about that. besides buying BTC while it's cheaper which is nice.

Giving the kind of world we live in , this possibly can be true, I mean who wouldnt want to buy Bitcoins are cheaper rates today, and then watch it do x20,000 or more the next day and going forward ? That is the natural greed In us as humans.
Like for example, If I myself had the power to return Bitcoin back to $3 , I would do it and buy as much Bitcoin as possible, then use the same power to take Bitcoin to $400,000 and above, when it is all about business, I tell you that no body wants to make any type of loss, we all want to profit, as much as possible, and those who have the power will use it to maximize this profit ..

Blackrock might have such plans to crash the price of Bitcoin so they could buy at a cheaper rates, but this can only work if the market gives them the chance, if the market gives them no chance for such manipulation, then they will have just two choices ,either to buy at this current price, which to me is still relatives cheap for the rich, or forget about buying Bitcoin, and Bitcoin will still grow with or without them .

Where did I say BlackRock only is trying to manipulate the market. Instead I said big Companies (plural--> indicated more than one companies more than once entities). Even I clarify that in the post and you could see that in the quoted post too. I think an extra glance should be given before bashing someone out or easy targets.

Well that's kind of funny I mean a lot of companies are already investing in Bitcoin actually but they are going to need to be huge in order to manipulate the market, We all accumulate Bitcoin here, buying Bitcoin every time in order to get profit in the coming Bullrun or invest for long term so buying Bitcoin would just increase the market price of Bitcoin even though they sell it I dont think it would make a huge impact, If people or investors are going to sell as well or get manipulated when the market price drop they just dont deserve the profit reward in the Bullrun. The market surely is a big risk for a lot of investors so this kind of manipulation is just nothing for real diamond hands investors.

Also, this news doesnt have any legitimate source so I dont really think it's true but I guess people just need to read articles so that they can make decisions, I mean there are a lot of cases of fake news online but as long as a lot of investors see that news there might be a or it could affect the market.

blackrock is dreaming of being able to manipulate bitcoin prices LOL

although it is still quite vulnerable to price manipulation but for company like blackrock i can't find a trick that works for them to be able to manipulate bitcoin prices, they don't have that much money to drive bitcoin prices and also they can't get into the minds of many bitcoin investors to sell everything bitcoin assets that they have so that prices are manipulated.

bitcoin has always been a decentralized asset, its creator uses a pseudonym, its number will always be 21 million, and has a strong support community which not afraid of intervention... the things above alone are a strong foundation for the price of bitcoin cannot be manipulated by anyone including blackcrock.

Blackrock is the largest asset manager in the world with over $8,000,000,000,000 worth
under management and while they might be able to manipulate the market my thoughts
are that if it happens everyone will benefit, as someone above said "who wants to buy
expensive Bitcoin?" and I'm not in any hurray to sell all of my Bitcoin in the short term so
I'm guessing if Blackrock want to buy up any surplus Bitcoin in the short term the
supply v demant will kick in.

Haven't you guys been bored already with speculation? It's impressive to me that the most active topic, in all epochs, be it bear or bull, is speculation. "BlackRock wants to reduce the price of Bitcoin", it reminds me of the title from the news, trying to catch the eye.

Here's something non-speculative: we have absolutely no fucking clue what's BlackRock's business with bitcoin, if there is any in the first place. It wouldn't surprise me if there is none, and we've associated them with bitcoin because of Twitter accounts trying to get attention.

“The biggest liar in the world is They Say.” ― Douglas Malloch

Neither!
For the first part is pure garbage for the second one is 100% copium!

Let's get over the part on how on earth is Blackrock managing to suppress the price only to raise it after for...what? We're talking about a fund in trillions that is risking its reputation for ...what?

Now, the real stuff, if they are hurting the Bitcoin price, they would hurt their own investments:
https://finbold.com/blackrock-is-a-major-shareholder-in-4-of-the-5-largest-bitcoin-miners/
They have a 400 million exposure on just 4 mining companies, already mining is barely profitable, some are quite deep in trouble , and bringing the price even closer to 20k might mean bankruptcy for them, so why risk it? Just to make sure some understand the figures, they have 6 times more money invested in just a few companies out of many than all the money Salvador has put in Bitcoin!

But forget mining, Blackrock holds :

Do you people realize how much Blackrock would hurt itself if it would bring down the price to a level where those companies might get in trouble?

You don't run trillions in funds and shares with shitcoin strategies!

What would you expect?

Its always been like this or its really not that shocking anymore in speaking about these big companies or institutions would be always be liking on entering on the cheapest price as possible.Therefore, they wouldn't really be
that so dumb that they would be liking to enter on prices which are really that halfway of its all time high but rather they would be liking for it to be more lower which driving out the market to the bottom?
You wont really be making yourself get worried if you are really just that trying out to ride with the waves. Dont try to counter it or else you would really be definitely be experiencing those losses.
Always have in mind about that DCA as much as possible specially if the market tends to dip down further knowing that this isnt something that you could really be able to predict.
This is why its really important to have that funds which is really that allocated for such market condition or situation.

It is only temporary that these big whales and big institutions can manipulate the market and not for long. If Blackrock comes up with a strategy to manipulate the market to that the price of bitcoin dips,so that they can buy as many bitcoin as they can afford at a cheaper price. It means that those investors that panics and sell off their coins are the fools.

If the price dips and most investors use that as an opportunity to accumulate more bitcoin, it means that this big companies are doing a lot good to investors to also accumulate to their bitcoin portfolio. This shows that everybody that is buying during the dips based on manipulation of the price will also benefit from their actions. But to me I don't see it as a manipulation yet because the price hasn't gone down below a price that I can call manipulation

There isn't really any sustainable method where you can accumulate more while dropping the price. I mean you can sell your coins to drop it, but also if you want to accumulate more then you are not willing to sell it. You could maybe end up making up some fake news, to drop it, but then it will not go down a lot, its not going to be sustainable. This is why I believe that we are not going to end up with anything that would make sense, its going to end up not being a smart choice. Just realize that its going to be a tough situation and you are going to end up being a little bit troublesome, it will not be good for Blackrock to do this. Just accumulate, keep doing that and they will be fine.

Only whales and market makers can control their games and they trigger market crash with their sellings and FUD. Later when market crashes deeper as affected by their trigger and forced liquidations, they will come back to buy and accumulate more bitcoin with same capital. Whales can do it because they are market makers and they do have capital to buy dips. As retail investors and don't know about game plans from whales, market makers, we can miss a train by selling with panic, buy with fomo.

FUD makes us fearful and panic sell or sometimes we will be forced liquidated by centralized exchanges. After experiencing such nightmare and terrible liquidations, losing big capital, we will hesitate to rejoin the market. That's when we miss the train when the market finds its bottom and starts to recover from bottom.

This is a very new market, without many regulations and a free market, so it is inevitable that people with a lot of money always want to manipulate the market. We should accept and adapt to that because I also believe that if we had as much money as them and had the ability to manipulate the market, we would also do what they are doing. Therefore, I do not find it surprising or critical that institutions with a lot of money are trying to manipulate the market. No matter how they manipulate, but if we know how, there is still a way to make a profit, it all depends on us.

The reason I never pay too much attention to these rumors is that, in absolute terms, they are almost never verifiable and remain nothing more than speculation. We probably will never know the objective truth about them.

I don't disagree with the idea that Black Rock is trying (or maybe succeeding, I don't know) to manipulate the market. You'd have to be mad to think that a company like this is innocent and harmless lol. Why should they go without trying? They're with Bitcoin for the dollars only, not for the ideal of decentralization or to promote P2P. So if I were in their shoes, I'd probably try to enter the market at the lowest possible price.

But they are far from being the only big players in the market with an interest in seeing BTC's price fall, I think that a good proportion of the big players and whales are even unknown to us, and that some of them also have an interest in one way or another in seeing the price fall a little further.

This isn't new; individuals at the market's helm will indeed take measures to favor their interests. On a positive note, it's not solely them who stand to gain during a market crash, but also investors like us who can navigate the situation strategically. If their actions involve crashing the market, causing panic, and then purchasing Bitcoin at lower prices, there's an argument for considering a similar approach.

Over the years, the cryptocurrency landscape has witnessed numerous fluctuations. Amidst these fluctuations, a certain strategy has consistently shown promise during market downturns: accumulation. This involves buying when the market experiences a dip and selling when it eventually rebounds. It's a tactic that can be employed repeatedly, offering a relatively straightforward approach.

The good old dump and pump game. Since blackrock has the power to pull this, I think they’ll find a way to crash the prices. We need to stay awake and keep some dry powder. (Lots of dry powda) BR will buy them cheap coins and so can we. Then the ETF will get introduced and the prices will go to the moon. (Possibly above $100k) I think I liked this scenario. This might be the last chance to get rich because who knows what will BR do with the prices after the next mega pump. They very well may treat it like gold and gold isn’t going anywhere since the last decade.

Except they are working on something we don't know, if they crash the price they will also lose money. Maybe they want to crash by dumping and use the opportunity to accumulate cheap coins before ETF approval. I don't really care if they want to manipulate the market because I will not sell off my coin due to FUD. If they crash the price, I will keep accumulating through DCA. Another perspective is if they are working as agents of the government to destabilize the market. This plan can only work for few times, but the market will still recover. However this news is not from a verified source, so it should be treated as a rumor.

I remember in the year preceding the halving, the year in which you buy Bitcoin at the cheapest price for the next years, the more there is the possibility to buy more at a cheaper price, and it is natural for parties like BlackRock to try to influence the price by spreading lies such as BlackRock wants to reduce the price of Bitcoin or publish Fake analytics and stories or any way to spread FUD. Whether the price drops or not, now is still a good time to build a long-term investment and buy relatively cheap.

Of course it makes sense, blackrock has everything to control anything in the market and with the price drop it's not out of the question of blackrock being involved. It may sound strange, but just imagine a big institution trying to get into Bitcoin and at the same time Bitcoin drops quite a bit. Furthermore, blackrock's access to a number of securities also seems easy, anyone would know how the industrial giant's economy can instantly launch for its goals.

Is this good for Bitcoin going forward? in the short term it might be bullish once the ETF opens, but after that I'm not sure that Bitcoin cycles will be the same every 4 years. Like it or not blackrock will still go into Bitcoin, and all we can do is buy more now than before everything was really under control.

For those who are looking for some reason why the price is currently $26k and not $30k, there will always be some story that may seem convincing at first, but actually there is very little logic in all this if you look at some facts. As @stompix has already written, BlackRock has more harm than good from the fact that the price goes down rather than up, and this is where the question arises whether BR really buys BTC before they have been approved for the spot ETF - because some claim that they have to do it in order to demonstrated ability to obtain approval for such an ETF at all.

For those for whom this is not the first encounter with the upcoming halving, everything that has been happening in recent months is nothing new. All that has changed are the numbers, the game is more or less the same, although we have some new players who have yet to show their skills.

Fortunately for all those who have been aware that Bitcoin has existed for at least 5+ years, we can say that all these new players are very late to board this train, and it definitely gives us a sense of satisfaction to be able to say that we turned out to be much smarter in all of this from them.

If Blackrock invests heavily in Bitcoin, it might impact the cryptocurrency industry. Large institutions move intentionally. When powerful, the market moves.

Bitcoin was founded on decentralisation principles. Even titans like Blackrock cant tame its wild spirit. The near term may be bullish if an ETF opens. Bitcoin has repeatedly proven its strength over time. Despite minor cycle changes, the core remains. I've witnessed a lot of changes in my lengthy life.

We must be optimistic and realistic. Bitcoin was created for the people. No matter how much we assume, the Bitcoin community keeps it going. Keep your eye on the prize and, like you stated, buy more before the big shots take over.

Twitter guys and so many members in this forum are always trying to find one reason or the other why BTC price dumped, isn't rising as fast as they want or is pumping, most times many of their reasons do not even make sense when you analyse it without sentiments and with facts. Blackrock isn't trying to dump the price of BTC, twitter guys make these kind of claims because they know this is the news that will bring traffic, there are too many speculators in the market, and they are all looking for grounds to base their next speculation on the price.

Even if Blackrock is doing this, i'll not complain, i will rather buy more coins for a cheaper price. Too many of the people who make noise on social media are not even buying BTC right now, they are the weak hands who start to buy only when the price starts to rise, they only buy when it is fomo time.

Market manipulation, news media manipulation through fud news and so on will continue to emerge in a bearish market. It will end when the bull market really has come. Rumors are still just rumors. And we, who are also market participants, can only take advantage of any rumors that arise and go with the flow.

And regarding large institutions that start to enter into bitcoin, of course there will be various rumors regarding the institutions themselves. But believe me when they are accumulating it is very difficult for rumors to surface. They will move and accumulate silently without anyone noticing. And I believe that when Fud ends and positive news begins to overwhelm the media. Then it is an indication that they are done accumulating.

This might not be far away from the truth, they have a lot of money and are aiming to have the largest share by acquiring more bitcoins, whether this is true or not and no matter how much pressure they mount on the market to further bring down the price I'm not going to panic sell my BTC at this point of this market cycle and only fools will sell. Rather I would find a way to leverage this opportunity and I will be reserving some funds in case an unexpected event happens.

There are many types of hype in crypto which is nothing new. But many are concerned about the kind of rumors that have surfaced against Black Rock, even though they have no basis. Black Rock have invested heavily in crypto and want to increase their investment in the future as well. However, in the case of such institutional investors, there is always an attempt to save their interests by influencing the market. If common investors are aware of this then they will not worry about their bitcoins. There are some investors who are worried if the price of Bitcoin falls by small amount, particularly those investors need to take a better Idea about Bitcoin.

I think that they were focusing on other branches.

BlackRock has recently invested in Riot Platforms Inc, Marathon Digital Holdings, Cipher Mining Inc and Terawulf Inc, which are 4 biggest mining companies.
If they are doing it, it means they know the industry is going to explode after next halving, which will coincide with a possible ETF approval.

I'm, not saying it's impossible for them to influence the price to get more bitcoin, but I feel like they have a lot to lose by "playing Musk" and saying they'd open ETF and then trying to dump everything to crash levered investors.

I feel like this recent dump was Bad news from China > Stocks sold off > Investors sold bitcoin to cover positions in stocks > Moved bitcoin below MA200 and caused a liquidation spike.

And why should we care? I am not selling my HODLings. So I have nothing to worry about. I don't follow influencers that will make me do something. 1 Bitcoin will always remain 1 Bitcoin. Only the value will fluctuate. In time, the price will be back to normal or even break all the past ATH. But the amount I hodl in my wallet will always stay the same.

Also, one's loss is another's gain. Those who are highly influenced by influencers and can't control their emotions will sell during this time. I can proudly say that I am not one of them. So I have nothing to fear. Instead, it will become a great opportunity for me. People will sell and I will buy at a low price. Your loss is my profit. If you are not strong enough to keep your emotions in check, you don't belong to the crypto world. I don't care about this.

You are right but you should read the Blackrock and other big company wants Btc ETF approve. after successful approvals these big companies will manipulate the btc price and then probably btc will not rise in such style we seeing today. With News shared by OP,  Strong holder will not worry but weak hand will face more panics which is not good for crypto market. ETF and also some other organizations wants to control the btc price but i don't think they will succeed in their mission. They can just spread fears by selling news but if we hold strongly.


I learned lessons at the time when big whale like Elon musk and other others start manipulating crypto market that we have to follow these whales and buy when they buy and sell when they start selling. In current situation obviously big whale will start buying and this is opportunity for us too to buy and hold. when these whale pump btc price then we will not regret for not buying on time.

I don't see any soild evidence supporting people's claims. It's all "buzz". I suspect big companies/banking institutions like BlackRock and JP Morgan are already doing this behind the scenes. They bash Bitcoin just to lower the price and buy lots of coins at a discount. When they're done, they will talk nicely about Bitcoin to "pump" market prices all the way to the moon. Sort of like how Elon Musk is doing right now with Bitcoin and Dogecoin. This is standard practice among the wealthy.

The ones who get "rekt" are none other than amateur crypto investors looking to make a quick buck. With many institutions joining the game, it should only be a matter of time before BTC reaches a new ATH. The question is: Are you buying the dip? Just my opinion :)

These are all rumors and nothing more. You should not pay attention to every sneeze. I know one thing: this company in most cases achieves its goals. If she has investments in Bitcoin, then this fact should be taken seriously. It means that there is a desire to make money, to make a profit on the asset. Therefore, I recommend following all the news related to this conglomerate.
A little more and ETF contracts will be accepted, and this will only contribute to the price increase. It remains to wait quite a bit. We need to be patient until that date.

I'd like to reduce the price of Bitcoin so that I can buy some more. :)

This is a negative impact of the entry of large companies into the Bitcoin market because their chances of being able to manipulate the market are far greater than that of individual investors. But even so, I think that if BlackRock wants to manipulate the crypto market, of course they have to spend a lot of capital and effort for this because the Bitcoin market is not small and it is quite difficult to manipulate this market, and there will definitely be a Bitcoin community ready to defend this market if they do that.

If you follow the news that emanates from these firms you might be deceived. They will always give out information that will make them gain from the market. They will spread FUD to make you sell your coin and make the price drop. They will immediately repurchase the coin at a low price and keep it until the price goes up. For long-term holders, all this information shouldn't matter to them because their plan is not affected by rumors and news.

If you are opportune to discover how to reduce the price please I will be glad learn  ;D.

Why do they need it? They have enough investments to manage, they have enough money, so why would they try to manipulate the cryptocurrency market now if they can take the path of least resistance and achieve their goal in an easier way. Opposing something will always take a lot of strength and resources, it will be smarter to get around all these difficulties and achieve your goal in more reasonable ways, as they are trying to do now.

Rumors can spread like wildfire, especially in the crypto world. While giants have influence, the truth can be murkier. Staying cautious and informed is the name of the game.

Prediction is also an indispensable part when it comes to investing, so it is normal that people are always looking for reasons and causes why bitcoin prices increase or decrease. But there are also many very reprehensible cases such as after finding out the cause of bitcoin's price drop, they do not buy and become afraid. Finding the cause helps us predict what will happen next and what we need to prepare for our investments. It's not completely useless, but don't let that make us more afraid and hesitant.

The source is very weak, you are right. I wouldn't be surprised by such a move by BlackRock, but to believe it I would have to see some more solid evidence than that. People may find it hard to manipulate the market, but BlackRock is the largest asset management firm in the world. If Musk can move the price of Bitcoin with a tweet, they can move it with rumors or whatever.

Although to speculate, I would almost say that if they are spreading that rumor it is because they have already bought and want the price to go up.

I would not be surprised if these rumors are true, because we live in an ocean full of whales where the struggle for survival is for the fittest. Whales seek to swallow everything. This is their nature. You can't blame them for thinking this way because these are for-profit companies that seek profit first and foremost.

On the other hand, these rumors may be misleading. Perhaps whoever launched these rumors is seeking to create hostility towards BlackRock, which seeks to enter the Bitcoin market as a major player. These rumors could harm the company and cause FUD in the market at the same time.

If you know the fundamentals of Bitcoin that have been running since 2009 then you will know various kinds of bad and good news. From my experience knowing Bitcoin for 8 years, I have marked it as a recurring habit. There are moments where institutions, countries, big guys make bad news to make people panic and lose faith in Bitcoin. But from those few moments there are people who take advantage of that to make a profit and maybe that was also done by BlackRock. Because in the time lag, the price of Bitcoin can always reach its best price again. Maybe it is also the case at this time.

I think anything related to Blackrock or a world-class company circulating on social media, if it's without an official announcement from them then 90% of it is just a rumour.
They have the power to bring the direction of discussion or issues. They have a lot of world media that they can use to spread facts or rumors about them. I've seen a lot of similar things with companies like Blackrock and Vanguard there are tons of issues and rumors about them that don't necessarily have valid supporting arguments.

Only large scales organizations and companies can make a large price manipulations if they are willing to goes down the price the Bitcoin surely they sell the asset they have or else they are losing that investment they made during the price pumps still at their loss or they will prevent to lose more reason why they cut. If this happens and other institutions will do the same really possible that the market may crash.

If they do that, straight in hot water with the SEC they go. Elon Musk also had a similar activity going on with Dogecoin but after he was busted by (what was then known as) Twitter, the SEC closed in on him and now he is not making much memes (pun not intended) about Doge, now is he?

Artificially lowering or raising the price of an asset which you have another financial asset based on is illegal in the USA and will land you with charges.

Well, that same man paid a fine and was given a conditional sentence because, I think in 2018, he manipulated the price of his companies' shares. I guess at some point he got the signal to stop his media activities when it comes to cryptocurrencies or he would find himself in trouble with the SEC again.

I guess it all depends on how powerful you are, and when you have a few hundred billion $, then the threshold of tolerance is much higher than for an ordinary mortal.

Who the fuck is Crypto_Awad? @OP you could create a thread about BlackRock want to increase the price of Bitcoin and hope someone will share your contradict idea to Binance's feed.

Even it's CZ or Elon Musk, they're nothing to predict Bitcoin price since no one will know it. Maybe that guy could change some people view, but for me those opinion will not affect anything.

the bitcoin market is not heavily controlled by large companies, but because the portion of their bitcoin holdings is quite valuable when they buy/sell, sometimes it is enough to influence the psychology of investors to follow what they do. if a company like blackrock wants to do a short trade, they can make quite a lot of profit from this wave and that is what they want to achieve. just imagine if they do this several times how much they can earn from the bitcoin market.

Well, many users love to be manipulated. Otherwise, it wouldn't work after all...

It's exactly what JP Morgan did when they wanted to buy more to get a good entry price, Jamie Dimon said it was a scam and used to launder money and the price tanked and simultaneously his company's were all buying it lol. Just know if they say that to grab more haha

I agree and disagree at the same time. I agree that weak hodlers will be in more panic and sell that's for sure. But not good for the crypto market? I gotta disagree with that. The market will be in chaos but those who are hodling strong, what do they have to fear? The more they dump the price, the more opportunities we get to buy and fill up our bags. Call me selfish if you will but as I said, one's loss is another's gain.

If everyone keeps on hodling, how are we gonna make profits? We need panic sellers in order to make our profits. But never join them lol. If you have faith in Bitcoin, buy and hodl whatever shit happens let them happen. We can not stop them or slow them. All we can do is, HODL. Our Bitcoin will stay with us. That's all that matters.

I guess that you don't have a billion dollars to spend on this plan. ;)
Black Rock does. I don't think they're doing it, but they could if they wanted to. They have smart people in there who know the end of the pre-halving year is probably their last chance to put some pressure on the price.

Most of these big companies want to acquire cheap Bitcoins before any possible take off. That's what usually is the news before the bull run but don't get distracted by them, buy bitcoin, and don't depend on them. Look at how they desire to collect as much Bitcoin as possible. We as individual investors, have to do and execute our plans, and let's just news these rumors and news to be favorable to us based on the actions that we're going to do. It may be good or bad news but if you're for the long term, there is nothing to get worried with.

The post came from Binance so maybe it's true? But as you said, even without the news, they can still be able to manipulate the market only to buy more coins at cheap. But that's right, there is no way to be scared about it. We are not a newbie on here anymore and we know that each price movements has its own functions. And that is, a dump is for us to buy while the pump is for us for to sell.

Not all those who sell are fools but maybe there also some pioneers who co-incidentally sell because they urgently need a money for something. You can choose to prepare a fund and buy more, but if you are struggling financially, then you should not bother brother.

The action they do is just pure manipulation, they just want to scare people on the possible action they do so if many will panic about the article release then people are just feeding up those manipulator then might they will do the same in future.

But if many experience people settle down about the news and doesn't get effected about their manipulation attempt then provably we can see bitcoin price goes strong and will never be manipulated by them.

If BlackRock wants in on Bitcoin, and they seem to want it if they're fighting so hard to get an ETF approval, I think that, in the long run, they would prefer Bitcoin going up, not down. As for trying to purchase now at a lower price, I don't think they'd actively try to achieve that, considering that the price is already low, and they can spend more on trying to lower it that profit from it decreasing a bit. This is just a random post of a random person, with zero sources to back up the rumour. So I see no reason to trust what look like a pure speculation.

Every year we have people fly into the crypto space with millions and wanting to control the market the way the deem fit to their own benefits.I remember it was Elon a few years ago and before that was Greyscale and the list goes on and on.

One has to anticipate one of these unicorns to do the most when it comes to the bitcoin market price. An unverified information has it that BlackRock has a share in 4 out of the 5 major bitcoin miners in the world, that's total dominance to a level but we remain firm in our believe in the technology.

Never believe everything you read on the internet but the harsh reality is that Black Rock is so huge that it can achieve what is mentioned in the post.
It has its wings all around the globe and that enables it to fly in every direction it wants.
Basically, Black Rock has enough influence that it can surely manipulate the market to buy at a better price.
But that shouldn't break our trust on bitcoin because the positive side is that Black Rock has enough capital to take BTC price all the way up.

It's not good for the market because the whales are still trying to manipulate the bitcoin price as they wish because of the huge capital of money they have. I mean, it's not bad if they want to reduce the price of bitcoin so that lots of new investors come on-line and buy bitcoins at low prices, but it's not good for the people who have been waiting so long for a good profit from bitcoin.

I won't be surprised by this to be honest, since they already have a lot of money and can do whatever they want on the market and this isn't the first time either. :c

The whales are having huge impact in the market currently and using the opportunity to control the market. Those that don't know this many keep trading the market blindly without knowing the plan of the whales and what there next agenda is.
So many of these whales that have large holdings of Bitcoin could do anything they like in the market which in general do affect the whole cryptocurrency market. It is very important for us to know and keep an eye to some of these news so that we can know how we can always position our trades in the market without getting loses frequently.

If this is the actual thing that transpired with the bitcoin market then many would have believed it's been manipulated in favour of the giant whales and hence every whales begin to contest for thesame manipulations in their own favour, just as we know that the market demands and supplies has a huge impact on the bitcoin price determination, but saying that a single corperate organization is worth enough to change the market in their favour is a wrong appraisal or approach towards the network.

This is a decentralized network, how can a centralized institution make manipulations even when they buy more or release more to the market, bitcoin news causes more fear to the people than the actual fact of what is happening in real time with bitcoin.

It doesn't matter if it's true or not, what matters is that Blackrock will definitely make a move and I think that as someone who accumulates bitcoin and hoarding it until the desired price appears, it's a win for me that they're going to make a move to reduce bitcoin's price, some will probably lose market confidence on bitcoin but they're far few in between that it's not worth worrying losing these investors. You're an adult now, you should get used to these money hungry motherfuckers to not play fair, they wouldn't be in that position if they've played fair and Blackrock has trillions in assets that they manage so at that point, it's kind of stupid of them to not use that vast resource to get more for themselves and less for everyone.

Everybody wants to buy BTC at a cheap price. But only a celebrity, prominent figure, or big corporations will be able to manipulate market prices at will. You'd need to know the tactics of these players to stay ahead of the game. I don't know if BlackRock is actually manipulating BTC market prices, especially when people use to spread a lot of rumours across the web. It could be true, but who cares? A cheaper Bitcoin, is an excellent opportunity for you to grow your wealth in the long term.

As it's always said, "buy low, sell high". Who knows if the big companies who invested in BTC now (MicroStrategy, BlackRock, Tesla, etc) will pump market prices by the next block reward halving? The sky is the limit to how far BTC will go. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my opinion :)

We know that is how they like to play the game so stop worrying about if this is fair or not, if this is true then you have at least four months to accumulate as much fiat as you can and then use it if there is a big dip or even a crash during the next year, if anything such a downward movement should be seen as an opportunity that we cannot let go, now this probably means some weak hands will sell their coins when they should hold them, but your only responsibility is to warn them, if they decide to not listen and sell their coins anyway then that is on them.

If what this investment company does is so important to you, then you better get a job there)) And why not? You will have insider information and there will be no more speculation. This is all a joke, of course.
Why are you so stressed out? No one is able to control the speculative market. Let it be even transnational conglomerates. If that were the case, then everyone would already know this. I do not rule out the moment that they have some impact, but do not worry about it.

That is some big news which would ultimately lead to higher bitcoin prices in 2024. Such rumours must probably come from some senior managers of Blackrock that optimistic about cryptos and leaked the news for their own coins to rise in value. BlackRock is the largest asset manager in the world, they are managing so much money that they could easily buy large amounts of Bitcoin. The main problem of such large asset managers is that once they start buying an asset in the market, many people are going to notice and know that BlackRock wants to buy large amounts. Price will jump quickly and its going to be hard for them to acquire large amounts at a reasonable price. That is why I think it's a viable strategy from them to first try to lower the price before they start buying. But now the news are already out and everybody expects them to acquire Bitcoins. Investors are probably not going to fall for any afford to try and lower the prices.

my feelings about blackrock are this:

a. blackrock want to lower the price to hoard more actual coin.
b. they want to also hoard more shares(or even takeover) of the grayscale GBTC trust, so that when blackrock gets to have an ETF they become the defecto number one source of ETF shares.
i feel blackrock has more chance of a successful ETF application more than grayscale

grayscale are in numerous legal sinkholes right now. not just SEC but privately with the likes of the FTX fiasco
so i feel that grayscale want to pull out of the GBTC ETF game and just let someone else take over the trust. which blackrock could do if they can get the bitcoin spot market down. to then buy up majority shares of the grayscale discounted NAV value

Yeah, that would be a good thing for many of us because when the of Bitcoin goes low in value then most of us will try to accumulate as much as we possibly can. I'm sure that BlackRock is also thinking about the same thing and if they get any success in reducing the price of Bitcoin then it will be a best opportunity for us to accumulate a lot of Bitcoin. Bitcoin will go up in value after that and then no one will be able control the growth of Bitcoin.

Let's not forget that governments also want to reduce the price of Bitcoin. Either because they hate it, or because they want to buy more coins at a discount. The ones that will ultimately win are those with a lot of money to spend on this nascent industry. I'm talking about governments, rich people, banks, and investment companies like BlackRock, MicroStrategy, and Fidelity. They can manipulate the price "behind the scenes" for their own benefit.

If you're smart enough to avoid being fooled by these entities, you'd buy and "hodl" BTC no matter what. With deflation in mind, it's highly-likely Bitcoin will keep reaching new ATHs for the forsseable future. Who knows if someday BTC turns you into a filthy-rich person? Just my opinion :)

Reducing the price of assets is manipulation, and I think its a crime according to the law, this is the same the Security and Exchange Commission charged Binance for doing, they claimed Binance was manipulating the prices of different crypto assets trading on their exchange for their own benefit..
But then, let me just say that, if BlackRock has a way to do this without incurring the wrath of the law upon themselves, then they can go ahead, but then again, this is if they find a way to successfully carry out the operation because like I think I have said here before, Bitcoin price is very much controlled by the market, which also include news and all that, what kind of bad news can BlackRock possibly come up with right that will drag the price of Bitcoin below the price it is right now which is $25,700?

insider trading is a crime  (manipulating the pricing of your own market for own benefit)

but if your just a customer of an unaffiliated market. and your order affects the market. thats just whale trading

That is true, this is not a bad thing they are trying to do, it would actually benefit us a lot. Look at the price, it cracked under 26k and that was a great time to buy it as well. I feel like it is definitely a good timing to buy bitcoin when the price is that low. It works better in the end and makes it a lot better for all of us.

I know that it is going to take a while for it to recover and people can't wait to see it reach to 30k but that doesn't mean that it is going to happen one way or another. I believe that we need to get this done quickly, we need to just make sure that it goes to a level where it can reach to a good point in the end. Obviously it is going to take a while, but we will all make a profit when the time comes.

Daft question, but does BlackRock actually invest in anything on its own, or are they only a fiduciary to their clients, meaning they only invest on their behalf?
People often freak out over how much BlackRock or Vanguard own, but the truth is, they're just middlemen and all their power is gone if people start pulling out their money.

People who invest in BlackRock, I have no idea if and what entry levels BlackRock has for his clients, likely don't have too urgent reasons to pull out their money as long as BlackRock's generated revenue of people's investments meets or satisfies their expectations. If you have enough money, you usually diversify and let your money/investments "work". Above some levels you probably don't try to hunt for every percent or per mille (can't speak with own experience here, I'm not at such levels).

Those people don't really invest for investments that they have a bit of idea but invests because of BlackRock itself for its name.
It's a norm today that people will invest to brokers and asset managers that they know has a name and proven track of record, at least that's what they know about BlackRock.

And that's what they think they are doing but they don't know that they can handle it on their own. But I guess that's what companies like this are trusted for but me, no.

Reminds me of the endless JP Morgan vs silver argument, a bank shorting the silver commodity but I read also JPM owns a silver mine so quite possibly they can afford to pay off all the shorts if the price were to rise I suppose.  Also JPM is the custodian of the ETF SLV which holds large amounts of silver and gains some charge for that service and its daily trade.   
  Its probably not as simple as it appears and maybe Blackrock is involved in some of that mining capacity that moved across from China, now they can be involved in both sides of the markets.  Plain BTC by itself has no yield hence Im not surprised when banks get involved they want to be paid every day in some way by playing the markets strength and weakness in price, it can be very profitable to do so if they are able.

They are people with a lot of money, not only will they think about it, but I believe they will also find ways to manipulate the market so they can buy it at a higher discount price.  Bitcoin is truly a lucrative piece of cake and those with a lot of money will find ways to capture it all before it explodes.  i'm even worried that bitcoin will like gold and real estate, become a luxury item only for the rich and no longer available to everyone.
People with money will always know how to manipulate everything that belongs to them. 

Yes, that's right. At least in my view. The current declines and increases are normal in Bitcoin's movement in the market. This is similar to previous years. Fud or whatever it is also always takes its own role in this matter. In my opinion, involving large companies in creating issues or rumors has become something that is no longer strange. Sometimes it's fake news or sometimes it's close to the truth. Actually, we don't need to concern ourselves with that. We just have to focus on our investments if we are bitcoin investors. And the emergence of good news and bad news is part of the market cycle. So don't be surprised.

BlackRock doesn't really generate any revenue for their clients, if anything, they charge them fees. Profits are generated by the performance of underlying assets. BlackRock is just a middleman. My (slightly off-topic) digression was that BlackRock is not as powerful as many think it is.

On-topic question: if BlackRock doesn't really invest their own capital (only clients' funds), why would they even care about the price of Bitcoin?

BlackRock intentionally pushing the price of Bitcoin down as OP shared is more of a rumor and hearsay. It could just be that some people in the community are trying to cause some panic by using the BlackRock ETF as an avenue to spread fud amd get the price down so they can buy in since it's a general belief that a bull run will follow immediately after the halving event to compensate for the drop in mining block rewards.

All these shenanigans don't cut it.

Firstly - I don't just believe something randomly posted on social media without more supporting evidence. This is good for protecting your psychological state regarding investing - meaning you need to find more accurate explanations about the news published. It's always bad if you swallow the news at face value - it's never good.

Second, whales can support this industry with their financial power. While on the other hand – they can also create chaos in the market for the sake of their own profits. The market tends to panic more easily as I've seen so far - this is because many people still hold their assets on centralized exchanges and don't yet have the confidence to hold them long term.

Maybe BlackRock did not intentionally push bitcoin prices lower, but it cannot be denied that there is a force standing in the shadows trying to manipulate the market to create confusion and panic in the market. Like someone caused bitcoin to suddenly drop in price a few weeks ago and then they spread the news blaming Elon for causing it. Regardless of who is pushing the market price down, it is clear that the market is being manipulated by hidden forces, something we cannot deny.

Yes, wealthy institutions like governments and corporations may want to control Bitcoin's price. Decentralization makes it difficult for one entity to control Bitcoin. Some power exists for the large players, but manipulation "behind the scenes"? Lets not make this a conspiracy without substantial evidence.

Bitcoin "hodling" makes sense given its history. Diversification helps reduce spending risk. Bitcoin's future looks bright, but dont make money decisions on hope. Prepare, plan, and proceed gently.

Yes. There's not enough evidence to prove that manipulation is happening "behind the scenes". We're just assuming big companies and the government are doing it. What we should do is take advantage of the situation to accumulate as much "cheap" Bitcoin as possible. If you accumulate a substantial amount of BTC now, you'll be able to reap huge rewards once the market turns bullish again. The sky is the limit to how high BTC can go.

As with any investment, never make your decisions based on hype or someone else's opinion. You must do your own research to help determine what's best for you. Who knows if you get lucky someday? Just my thoughts ;D

Governments are doing it that I'm sure of and I can prove it to you.
When bitcoin was reaching its ATH of 60k in 2021 the price crashed by 50%. Do you know why?
China banned miners and those miners had to sell everything and move somewhere else, which created a strong pressure on price and dropped hash rate.
Traders seeing hash rate crash along with price, sold their coins created a cascade.
Why did they announce the ban right when bitcoin was in its strongest bull run since 2017? It was manipulation.

Now we see China "changing its mind" after the rising popularity of Bitcoin worldwide. It wants to make Hong Kong the next crypto hub. Talk about manipulation. They will "pump" market prices for a short time, before they "dump" them for good. It's like a "rollercoaster" ride if you ask me. If governments are doing it, don't you think a giant investment company like BlackRock won't do the same? You can see why the wealthy always win, while average people are "left behind in the dust".

Considering that entities with big interests are heavily-invested into Bitcoin, it's most likely market prices will soar above $1m in the future. I'd buy as much "cheap" Bitcoin as I can before it's too late. The more you buy, the higher your chances of becoming rich will be. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. ;)

I wouldn't. Bitcoin price has been manipulated by whales way before BlackRock would join the game, let's not forget that until a few years ago BlackRock's CEO (or someone in a very high position) openly declared that bitcoin was a scam, so they are pretty much the last people who changed their mind. Will they try to manipulate the market in the future? Probably. Can they now? I don't think so.

Well, there are a lot of positive expectations about Blackrock. Someone else is speculating that if Blackrock is approved in ETF, around 150 billions can be added to the Bitcoin market, although no figure has been shown as to how this will happen, and now on the subject, this refers to being reduced. the price value of Bitcoin.

But no matter what the result or outcome of this thing is, it is still guaranteed that the price value of Bitcoin will increase.

Even billionaires don't like buying things at a high price, it's always business, the earlier you know this the better it will be for you, just because you have the money to spend doesn't mean you should spend it anyhow, this is what retains the rich as rich on the long run, haven't you heard about rich people going broke? It's the beginning of begging broke once you start buying things simply because you can afford It, that's not good for your money and business.

There is nothing wrong for Black Rock and others aiming to buy Bitcoin at a lower price, I mean that's what will make everyone want to get their hands on Bitcoin, it's for their own good and also mine, because I don't like Buying the tops, how will you make profits when you are already buying the tops? At that point, no one will want to buy from you.

This is not a manipulation dear, it's you that want rich men and big companies to go broke, because you expect them to buy Bitcoin at a high price, you care about yourself only and that's selfishness, just think for once, what will you do if you are the owner of Black Rock? Buy the tops? I don't think so.

Of course. No one in their right mind would buy BTC at a high price. Everyone wants to buy it cheaper to sell it at a higher price in the future. BlackRock seems to be heavily-invested into Bitcoin, so I would expect a massive "pump" soon. It's likely large investment companies like the one mentioned will "make the move" after the BTC halving.

Why complain about their movements when you can do the same? After all, it's a "free market". Whales and the wealthy will continue to manipulate market prices for their own convenience. The question is: Are you buying?  ::)

I am. This price is too good to let it go, maybe it will go down to $22-24k, who knows, but it's not a big difference especially if we look at the big picture: halving and ETFs. If in the next 2 years reaches $150k or even more who cares buying at $24k or $27k, it's still a great profit anyway, and personally I prefer not to risk, some people always wait for a better price and they end up missing big buying opportunities.

I also believe that people who always wait for lower prices to buy will never even buy bitcoin. Not only are they greedy, they are also people who do not have enough faith in bitcoin, they are afraid that bitcoin will decrease more if bought in and will cause them to lose money. Those people will often become losers because when the price of bitcoin increases, they will start Fomo and buy for fear of missing out on the price increase.

Indeed, if our goal is to sell at $100k or $150k then buying at $27k or $22k won't make much of a difference unless someone invests billions of dollars into bitcoin.

There are some people waiting for BTC to go lower in price to "make the move". They're afraid getting in now, as they believe prices will continue to go all the way down "rock bottom". We can't tell whenever that will be the case due to the unpredictable nature of the crypto market. All we can do is buy BTC regardless of its market price and wait to turn a profit in the long run.

I'm confident Bitcoin will go well above $100k due to ever-increasing demand from companies, businesses, and individuals alike. Combine the approval of a spot Bitcoin ETF, as well as, the halving of 2024 and market prices won't go back to $24k ever again. Maybe BTC will go as far as replacing Gold someday? ;D

As long as we are in the market for anything including cryptocurrency, we have to accept that there will always be manipulations happening mostly behind scenes or beyond what an ordinary guys like me can see. Blackrock is known as a supreme manipulator of many things though so far no credible victim or witness has come forward with their stories...so for the meantime everything revolves around making money, money and money. We should always remember that Blackrock rejected Bitcoin before as just another scam or Ponzi scheme but is now loving it like a man under a "first love" pheromone. that alone should be telling us its intention and goals. Now, since we can never fight against Blackrock we might as well go with it by buying BTC at a lower price.