Black Rock Influence

[Julien_Olynpic]

Blackrock is only the largest client asset management company. Apparently, they now have their own bitcoins on the company’s balance sheet, and not just client ones. Blackrock is often accused of being the biggest global market manipulator. However, if we look at their global strategies, they largely revolve around index investing. If customers around the world became interested in Bitcoin, then Blackrock became interested in Bitcoin. In other words, Blackrock follows the wishes and interests of its clients. This is a normal and logical practice. It would be strange if they didn't do this. By the way, other companies managing client assets do the same.

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[macson]

From my research  I found out  a stat might not be accurate  all corrections are welcomed


Black Rock currently  own  70,000BTC worth of Bitcoins

70,000 Btcs worths: 70,000 * $43,000(at average) =$2.9B+
as theworld largest asset manager


With this kind of worth could they massively influence the BTC market??
Probably  any time they want..


Edit : stats

to be able to have an influence on the Bitcoin market requires a larger amount of holding than that, as far as I know what Binance and several other exchanges hold is much larger than what Blackrock holds. So when you say that Blackrock can influence Bitcoin, that's quite wrong. and also the bitcoin they hold is needed by them to be able to support their bitcoin etf, not their company's holdings, so they cannot use it as they wish for their needs.

[famososMuertos]

Influence is determined by its ability to announce movements and then has an impact on the market, and "black rock" has not reached that point.

The reality is that bitcoin is another asset that is among its diverse portfolio, it is a shame that it is believed that this influence should exist because it is Back Rock.

[bettercrypto]

I have always been pro bitcoin ETF, from many years back where the discussion came from.  I do believe BlackRock is the largest fund company on the planet.  Think about this...so many clients ask their advisors for bitcoin, but when they couldn't make money off of it (like with physical precious metals) they would steer them away.  Now that they can (like precious metal ETFS) they will begin to start being okay with their clients owning some.  Its a game changer.

Blackrock is just one of the whale institutional investors who are seeing if Bitcoin is actually accumulating at the moment, and they are not wasting any opportunity to accumulate it right now, to be honest. Even in other companies that have also been approved by the SEC recently.

Even if we say that the price value of Bitcoin is in a declining period, I can still say that the demand for Bitcoin is still high, so that is no longer surprising for Blackrock, honestly speaking.