BlackRock wants to reduce the price of Bitcoin

[Silberman]

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.

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.

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[fruktik]

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.

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.

[Mauser]

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.

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.

[franky1]

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

[SamReomo]

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

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.

[Abiky]

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

[Fivestar4everMVP]

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

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.

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?

[franky1]

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..

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

[beerlover]

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

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.

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.

[pawel7777]

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.

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.

[Cricktor]

...

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).

[terrific]

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.

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.

If you have enough money, you usually diversify and let your money "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).

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.

[STT]

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.

[Texac]

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

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.

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. 

[Jatiluhung]

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.

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.

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.

[pawel7777]

...

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).

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?

[nelson4lov]

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.

[_BlackStar]

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.

[fuguebtc]

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.

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.

[Blitzboy]

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

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.