Good or Bad - Blackrock Buying BTC

[BNBITCOINMINER]

BlackRock, along with other Bitcoin ETFs, is not directly in control; it’s the institutional clients who buy and sell the ETFs through BlackRock. BlackRock merely collects fees, similar to ARK Invest. Cathie Wood, once a favorite in the investing world, now stands as an example of poor investment decisions. After the bear market hit, ARK Invest has lost $14 billion of investors' funds.

We are now entering the first depression since the 1970s, marking the first real test for Bitcoin since 2009. Additionally, during the COVID pandemic on March 12, 2020, Bitcoin plummeted from $8,000 to $3,400. How can that be considered a hedge against inflation with such a significant drop?

I’m simply noting that most of the gains have already been absorbed, and now, large whales control the market. For example, Bitcoin dropped from $103K to $92K due to ETF selling, not retail investors.

[BALIK]

  But I bet a lot of the people cheering on Blackrock purchasing Bitcoin today will cry by the time they sell.  It is an euphoria I will not understand.  

If I remember correctly there were 2 or 3 threads talking about Michael Saylor buying bitcoin and the interesting thing is that most people were praising and supporting Michael Saylor buying bitcoin. Although I agree that there is no way we can stop them from buying bitcoin but it is silly for us to support and cheer on what they are doing. They are trying to take our money and hurt us but many people are excited about this, it's weird.

Soon, those who are excited and cheering for Blackrock, Michael Saylor will turn around and criticize and curse when they dump bitcoin massively into the market.

They can and will one day dump BILLIONS on us at any time, how is that positive news?

Not just Blackrock, Michael Saylor will sooner or later dump billions on us when they have enough profit.

[CageMabok]

We who are just small fish must know what the big fish want. and if we go against the flow without good skills then our struggle will be in vain. There's really nothing we can do apart from reading about opportunities to make a little profit. Let's imagine when Doge was taken to the moon by Elon, if we could read Elon's mind, of course we would have achieved financial freedom as an individual

There is nothing wrong with small fish who struggle to become big in any condition, because basically everyone also needs much more profit after spending more capital. Because it is about courage in acting and courage in taking advantage of the best moment so that it does not affect being able to read someone's mind as long as what we buy is the best asset like Bitcoin. And BlackRock certainly already knows that what they bought was the right thing even though their actions in buying Bitcoin can also have an effect on increasing the price of altcoins in the market.

[moneystery]

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Everything has two sides and blackrock's participation in the market will have negative and positive impacts on the market. But the important thing is that if Blackrock investing in bitcoin is a bad thing, what should we do and how can we stop them? I don't see any way to stop funds or institutions from jumping into the market, so the only thing we can do is adapt to every change so we don't get left out of the game until we achieve our goals.

yes, everyone has the same right to participate in investing in bitcoin, even when it is a big institution like blackrock or a country, they have the same right to buy bitcoin from the market. the openness of the bitcoin market to everyone certainly has its advantages and disadvantages, but even so we cannot prevent these big players from entering and starting to accumulate more bitcoin. so with more and more big players entering, we as small investors must understand the risks and be prepared for any changes in the market.