Larry ink of BlackRock says he thinks Bitcoin is going up.

[Agbamoni]

What causes either pump or dump of any asset? It's basically just liquidity. Bitcoin's overall trend suggests that it will still pump but pinpointing what price mark it will get to exactly isn't that easy. Buying pressure is basically what constitutes the pump of price of an asset and similarly selling off by  some investors after reaching a particular pump price is what causes retracement. If the overall buy pressure isn't strong enough then that retracement may very well escalate to a downtrend.

Liquidiyt is most likely to cause pump or dump but thats not the only factor. Market sentiment, news and whales also play a role in infulaecing the pump or dump of any asset.

What's the point of all this? Black rock is a big firm and as a result they have enough liquidity to kick off a strong pump before the news of it causes FOMO that also improves the pump. This is basically why most of their speculations turn out true.

This will literally seem like price manipulation. Of course the whales are always in control of the market whenever they want to take profit and funny enough they still be the one who buys back when others start selling their fractions after the short time pump. Also, there i a deep sense in what you say here. If Black rock speculations most of the time turns out to be true then any investor should be wise enough to hold on to the period these big companies are willing to hold their Bitcoin.

[betswift]

What causes either pump or dump of any asset? It's basically just liquidity. Bitcoin's overall trend suggests that it will still pump but pinpointing what price mark it will get to exactly isn't that easy. Buying pressure is basically what constitutes the pump of price of an asset and similarly selling off by  some investors after reaching a particular pump price is what causes retracement. If the overall buy pressure isn't strong enough then that retracement may very well escalate to a downtrend.

Liquidiyt is most likely to cause pump or dump but thats not the only factor. Market sentiment, news and whales also play a role in infulaecing the pump or dump of any asset.

Anyone can say bullish things, big and small, but if people aren't in the same mood already - it will be seen as a mad story for the general audience / investors / MMs, etc.

[franky1]

What causes either pump or dump of any asset? It's basically just liquidity. Bitcoin's overall trend suggests that it will still pump but pinpointing what price mark it will get to exactly isn't that easy. Buying pressure is basically what constitutes the pump of price of an asset and similarly selling off by  some investors after reaching a particular pump price is what causes retracement. If the overall buy pressure isn't strong enough then that retracement may very well escalate to a downtrend.

What's the point of all this? Black rock is a big firm and as a result they have enough liquidity to kick off a strong pump before the news of it causes FOMO that also improves the pump. This is basically why most of their speculations turn out true.

anyone studying bitcoin economics can plainly see the price wants to go up naturally but is currently being held down via whale suppression (market order walls)
there are many, many countries whereby mining bitcoin can cost them upto $350k/btc so naturally buying bitcoin on the market at the moment is good discount to them.

the institutional whales however from other countries dont want the price to jump so quick just yet as they want to be buying more coin while prices are low.

knowing that if the entire planet can mine for less than say $400k, then no one is silly to pay on the market for more then other ways to acquire bitcoin
(the same economic mentality was proven in 2021 when the market tested the $70k top which had a planetary max mining cost of $75k at the time)

however yes although economic logic shows that getting to $700k soon is impractical economically, we also dont know if the whales will let the market test the economically logically upper limit of under $400k, the whales may keep the price suppressed to any number under $350k

..
as for blackrock itself. their revenue is not that high(only $1b-$6b). and they cant just liquidate their sponsors coin that are locked up in trust.. it is however the sponsors who could liquidate shares to then liquidate btc out of the locks and then use that fiat to play the markets(or use other fiat they may have access to)
in short "blackrock" is not the whale, its blackrocks sponsors that bought coin deposited it with blackrock in trust, and then got the baskets of shares for the sponsors to sell shares on blackrocks platform to the sponsors customers, whom are the whales related to blackrock (the sponsors and sponsors customers)

[ChiBitCTy]

Oh boy this is a bit nerve wrecking walking in to this thread, but I will leave my 2.  Larry Fin is a powerful man, and as such he's also no fool.  If he really has truly does his homework on bitcoin, which I believe he has, then he does understand how much potential upside it has and isn't lying.  That doesn't mean he not saying these thing to try and help drive the price of bitcoin up, because I'm sure everything he does is for reason of that nature.

[franky1]

Oh boy this is a bit nerve wrecking walking in to this thread, but I will leave my 2.  Larry Fin is a powerful man, and as such he's also no fool.  If he really has truly does his homework on bitcoin, which I believe he has, then he does understand how much potential upside it has and isn't lying.  That doesn't mean he not saying these thing to try and help drive the price of bitcoin up, because I'm sure everything he does is for reason of that nature.

just remember these 2 things
a. what the elites say publicly is not the same as what he says to his chums and peers privately
b. when the public learn or hear what elites say, the elites have already responded and reacted a long time before.

in short when they say sell its nearly time to buy, when they say buy its nearly time to sell

[AmoreJaz]

Cryptocurrencies look attractive to some, but when we really know how this market works, there may be only a few people who will stay. Of course and why should we be confused about which coin to buy in the current situation, BTC is still at the top of our buying list. proven to be a good coin in a few years makes investors will put it in their pockets and may be the biggest asset in their portfolio. in the next few years will.

People who can learn properly will stay and be good hodlers for the future to come.
Those who would dive straight in without the proper facts and understanding would lose their depo probably and start anew with knowledge intact.

If people will be in rush investing into this market, they will surely lose in some way.  Because they are in a hurry to earn profit.

As people are after for the quick gain when they hear crypto market, most of them are thinking that when they got a hold of some satoshis or some tokens or coins, they can easily sell it to like 10x or more of profit. But once, they finally join this market, they will realize that there's more than meets the eyes in this scenario. Because even with btc market, it doesn't mean that once you bought some, it will suddenly increase and get multiple fold of profits. You still need to wait and see where the market is heading to.

[Russlenat]

If people will be in rush investing into this market, they will surely lose in some way.  Because they are in a hurry to earn profit.

Not if they don’t panic, because the current price isn’t even the highest yet. Larry Fink made a bold prediction for Bitcoin’s price, and while it will probably happen, it’s still a long-term play and it could take many years to reach that level.

With ETF investments, it’s now easier for people who aren’t well-versed in Bitcoin to get into the market since they’re letting companies manage their funds.
And for firms like BlackRock, which also has a Bitcoin ETF, they aren’t really losing anything regardless of price movements. But if the market is bullish, they stand to benefit big time as more people will be encouraged to invest, and their fee revenues will skyrocket.

[woez]

The real question is, is he just talking because it is going down, and he wants to get more benefit off people buying Bitcoin first. Do you trust him? Is there something else you should be investing in, and that is where Larry will be putting BlackRock money? Or is he simply advising what is best for people?


BlackRock CEO Larry Fink Forecasts $700K Bitcoin Price Amid Inflation Worries

There are two big things that we have to filter when we hear his publication about the above, whether it is just his personal motivation or he has linked it to future market analysis, but if I see if they have said it, I think it will happen and who does not know his company and its performance. Yes, implicitly and already public, BTC will soon be as he said and it is only a matter of time.

[asriloni]

I would also say the same after i have bought 1 billion worth of bitcoin. That's only a guy who wants pump his own bag. He's very similar to the Saylor now. However, i still see him as untrustworthy guy. lol

It's also funny to see how fast Larry to turns around about bitcoin. He went from bashing bitcoin to always predicting bitcoin to get another zero.