Good or Bad - Blackrock Buying BTC

[target]

For people who have been holding BTC all this time, the presence of Blackrock buying more BTC will have a positive impact on holders because it will influence a very significant increase in the price of Bitcoin. Therefore, Blackrock buying more BTC will be good news for holders because they can get huge profits from the very significant increase in BTC prices.

There are assumptions they will buy up all the BTC, it's kind of a conspiracy theory really but they have a point in thinking that Blackrock is out to get all BTC and control the crypto industry. It's not far-fetched when you think about what Blackrock has been doing in the past. Blackrock buying BTC is good for the industry but for decentralization, I think it's not.

[MRY]

There are assumptions they will buy up all the BTC, it's kind of a conspiracy theory really but they have a point in thinking that Blackrock is out to get all BTC and control the crypto industry. It's not far-fetched when you think about what Blackrock has been doing in the past. Blackrock buying BTC is good for the industry but for decentralization, I think it's not.

When all Bitcoin in circulation is bought by Blackrock, this will be very dangerous but it will also be a breath of fresh air for those who mine and hold Bitcoin when the price is still cheap. What makes it dangerous is that there will be an opportunity for Blackrock to control the circulation and price movements of Bitcoin on the exchange.

[coolcoinz]

When all Bitcoin in circulation is bought by Blackrock, this will be very dangerous but it will also be a breath of fresh air for those who mine and hold Bitcoin when the price is still cheap. What makes it dangerous is that there will be an opportunity for Blackrock to control the circulation and price movements of Bitcoin on the exchange.

Are you aware that the more they buy the higher the price will be, potentially scaling up to infinity? It's literally impossible for BlackRock to buy all bitcoin, even if people were willing to sell to them, but here comes another problem. Most people seeing buyers competing for their coins will be unwilling to sell, trying to squeeze as much money from them as possible, eventually surpassing million dollars per coin.

Let them buy, it's a free market. We'll see how much they really need it and how much they're willing to sacrifice to get it.

[Franctoshi]

For Bitcoin to attract institutional investors like Blackrock to come invest into it , What does that tell you, it tells you that Bitcoin is no longer a small investment digital asset, and In the aspect of liquidity it indeed a good thing Because Bitcoin needs liquidity for we to get where we are headed to ,that's seeing Bitcoin smashing that 100k level or more everyone has been hoping for ,But not just Blackrock only, also seeing other institutional investors getting into Bitcoin is something very interesting and of something that will become of much attention for anyone to get in when they've seen the category of investors such as Blackrock you've made mention.

[bettercrypto]

So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?

Sure for anyone who hodls  BTC and Blackrock buying more, value goes up. so it works for people already holding BTC.
Yet it makes it harder for others not in the market yet to buy more amounts , they will have to consider buying less now if on a budget.

Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?

Those institutional investors who have given support to the Bitcoin spot Etf can say that they will not really lose their interest to save bitcoin in their personal accounts. And take note that they always buy a small amount of bitcoin here. And Blackrock is already leading the way in this regard.

And if they will sell it, no one knows; maybe they have set a different amount of bitcoins to sell the others once they reach 100k$ each of bitcoins, in my opinion.

[boyptc]

Whether our opinions tells us that this is bad, we can't do anything with that. Before, we like to see them in the market together with us but many of them are skeptical about Bitcoin.

Now, they're here and note that they're not "all" here and soon the others will just follow them.

There's no way around in here but to be adaptable with the changes in the market and who's getting in and out. As a small investor, you need to be adaptable and be always updated with the trend.

[fuguebtc]

Whether our opinions tells us that this is bad, we can't do anything with that. Before, we like to see them in the market together with us but many of them are skeptical about Bitcoin.

Now, they're here and note that they're not "all" here and soon the others will just follow them.

There's no way around in here but to be adaptable with the changes in the market and who's getting in and out. As a small investor, you need to be adaptable and be always updated with the trend.

Well said, we can't do anything to stop them even if they have bad intentions when entering the market, so whether their participation is good or bad is not a matter of our concern. What we need to do is find ways to adapt to what happens when they enter the market with us.

I know there are many people who are upset and unhappy when large funds like Blackrock enter the market, but we should also make a fair assessment that blackrock buying bitcoin is not as bad as we think. We must admit that thanks to the bitcoin ETF and Blackrock buying BTC, bitcoin's popularity is growing at a faster rate. Everything has pros and cons, IMO.