BlackRock's Bold Move: $1.5 Billion Bet on Bitcoin!

[Jojos]

https://i.postimg.cc/FsNg4PMN/20241031-130303.jpg

BlackRock buying $1.5 billion in Bitcoin in just two days for its ETF is a real turning point for the crypto world! I think it shows that institutional investors are really starting to believe in Bitcoin as a serious asset. You could even say that it could encourage other big companies to do the same, which could increase demand and, consequently, the price of Bitcoin. In addition, with a Bitcoin ETF, it makes investing more accessible for those who don't want to complicate their lives with the direct purchase of crypto. Personally, I found it to be a good opportunity, even if the market can sometimes be unpredictable.
What do you think?
Do you think other companies will follow suit?

[avikz]

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

[BitcoinBarrel]

How wonderful all these companies, universities, politicians and so-called financial experts that a few years ago were trash-talking crypto-currency are now investing in it.

Bunch of hypocrites if you ask me.

[Jojos]

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Indeed you are not wrong, the bulk sale of Bitcoin by large companies could drive down the price, especially if it happens at the same time as other market events.
It is also possible that these companies are adopting a long-term strategy, seeking to hold on to their assets to extract maximum value from them over the long term.

[Baofeng]

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Indeed, the bulk sale of Bitcoin by large companies could drive down the price, especially if it happens at the same time as other market events.

There are reports that they are buying OTC so that it will not affect that much because no one is going to see or known about the sell-off, not the traders on exchanges who might see the sell orders and then panic, pushing the sell button. This institutions knows how the play the market and to not affect or send shockwaves with their huge sell.

It is also possible that these companies are adopting a long-term strategy, seeking to hold on to their assets to extract maximum value from them over the long term.

Of course, they know the game, it's going to be a long term hold to make huge profits and to maximized it. We have seen or heard Saylor about that strategy. And even for us retail or average joe investors, this is our strategy, DCA, hard and grind accumulation and then sell during the height of the bull run.

[AsiaHODL]

BlackRock buying $1.5 billion in Bitcoin in just two days for its ETF is a real turning point for the crypto world! I think it shows that institutional investors are really starting to believe in Bitcoin as a serious asset. You could even say that it could encourage other big companies to do the same, which could increase demand and, consequently, the price of Bitcoin. In addition, with a Bitcoin ETF, it makes investing more accessible for those who don't want to complicate their lives with the direct purchase of crypto. Personally, I found it to be a good opportunity, even if the market can sometimes be unpredictable.
What do you think?
Do you think other companies will follow suit?

Blackrock is not buying for itself. Its buying because investors are demanding exposures to BTC via their ETF.

But yes, a US listed ETF is a real game-changer.

Also, "Bitcoin, not crypto".

[fikrett]

How wonderful all these companies, universities, politicians and so-called financial experts that a few years ago were trash-talking crypto-currency are now investing in it.

Bunch of hypocrites if you ask me.

When a shark sees a small fish, it laughs at it.
When it sees a whale, she looks at it as a prey. As a target and the means to bite a big chunk of it.

[Synchronice]

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

The more Bitcoins people have, the better. Sadly, Bitcoin is getting centralized, exchanges and centralized companies are buying more and more Bitcoin. BlackRock has enough money to manipulate the coin's price but I think they won't do it because if they do that, they'll get a negative force from people and media, which will negatively affect to their reputation (to my mind).

How wonderful all these companies, universities, politicians and so-called financial experts that a few years ago were trash-talking crypto-currency are now investing in it.

Bunch of hypocrites if you ask me.

Okay, so, BlackRock CEO calls Bitcoin an index of money laundering. Today, they buy Bitcoins. What does this mean? Does this mean that BlackRock launders money? Okay, good job BlackRock, you are a criminal. They should be in court and the CEO should be arrested because of money laundering via Bitcoin.

[fikrett]

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

The more Bitcoins people have, the better. Sadly, Bitcoin is getting centralized, exchanges and centralized companies are buying more and more Bitcoin. BlackRock has enough money to manipulate the coin's price but I think they won't do it because if they do that, they'll get a negative force from people and media, which will negatively affect to their reputation (to my mind).

How wonderful all these companies, universities, politicians and so-called financial experts that a few years ago were trash-talking crypto-currency are now investing in it.

Bunch of hypocrites if you ask me.

Okay, so, BlackRock CEO calls Bitcoin an index of money laundering. Today, they buy Bitcoins. What does this mean? Does this mean that BlackRock launders money? Okay, good job BlackRock, you are a criminal. They should be in court and the CEO should be arrested because of money laundering via Bitcoin.

Companies change opinions like gloves, nothing, new - just like politicians 
The question is how long this opinion, a good one, about BTC would last.

[fuguebtc]

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Everything has its price, if we want bitcoin to become popular then the price we have to pay is government intervention and approval. If we want bitcoin to be worth hundreds of thousands of dollars, millions of dollars, we need the participation of large funds and institutions because only they can pull billions of dollars into the market every day like what is happening.

More importantly, even if we don't want them to enter the market, there's no way to stop them. So instead of looking at the negative things and stressing out, we should adapt and look at the positive things .
You are right about them dumping bitcoin at any time but in the long run, I think this will do more good than harm because without the involvement of large institutions, it will take longer for bitcoin to become globally popular.

[betswift]

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Everything has its price, if we want bitcoin to become popular then the price we have to pay is government intervention and approval. If we want bitcoin to be worth hundreds of thousands of dollars, millions of dollars, we need the participation of large funds and institutions because only they can pull billions of dollars into the market every day like what is happening.

More importantly, even if we don't want them to enter the market, there's no way to stop them. So instead of looking at the negative things and stressing out, we should adapt and look at the positive things .
You are right about them dumping bitcoin at any time but in the long run, I think this will do more good than harm because without the involvement of large institutions, it will take longer for bitcoin to become globally popular.

It's a double-edged sword indeed.
But I do think that if it happens slowly step by step, it will do more good than bad in the long run for BTC.
Hopefully, of course.

[Smartprofit]

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Everything has its price, if we want bitcoin to become popular then the price we have to pay is government intervention and approval. If we want bitcoin to be worth hundreds of thousands of dollars, millions of dollars, we need the participation of large funds and institutions because only they can pull billions of dollars into the market every day like what is happening.

More importantly, even if we don't want them to enter the market, there's no way to stop them. So instead of looking at the negative things and stressing out, we should adapt and look at the positive things .
You are right about them dumping bitcoin at any time but in the long run, I think this will do more good than harm because without the involvement of large institutions, it will take longer for bitcoin to become globally popular.

I agree with you, we really can hardly influence this process.

However, there are still some things we can do - for example, we can promote independent Bitcoin storage, cold wallets, etc. We can tell people about the principles of decentralization and financial freedom, that Bitcoin is essentially an alternative to the modern financial system.

At the same time, it is necessary to understand that BlackRock is not friendly to the first cryptocurrency. Companies like BlackRock are huge financial and political corporations that play their own global strategic game. At the same time, in my opinion, Bitcoin is an even more powerful entity than a large international corporation.

Trying to manipulate Bitcoin, BlackRock may in the future get completely different results than they are currently striving for. Bitcoin is too global to fall under the influence of one corporation, even one as large as BlackRock.

[pawanjain]

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

That is a very good point. Further more, price increases slowly when bullish but drops significantly in a bearish trend.
So if we see the same amount of sell off then the price drop will be huge when compared to it's price pump.
In a way it is better that institutional investors stay away from bitcoin because if a single entity holds a large amount of bitcoins it will give them the power of market manipulation as you said.

[goldkingcoiner]

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Not really. They are not buying a lot of Bitcoin but rather scooping up what is currently considered a lot of Bitcoin. If you buy 100000 Bitcoin for 1 cent each coin, you would have much more power over the Bitcoin price than if you bought 100000 Bitcoin at the price of 70k each coin. Why? Because it does not matter at what price you dump the 1 cent coins, you will make an immense profit. But dumping so many Bitcoin at the price of 70k AND making a profit? That is hard to do without incurring a huge loss. Since they made the investment at around 70k (I assume), selling the vast amounts AND making a profit at the same time is hard, time-intensive work.

In other words, nobody is going to buy mass amounts of Bitcoin only to employ the "pump and dump" strategy. It just is not feasible anymore.

[kryptqnick]

Op, could you provide a source for this news? I can see the discussion going on, but there's no link in the op nor in the thread in general. From what I managed to find, it's $872 million going to iShares Bitcoin Trust, but I suppose it could be $1.5 billion over a few days. Still, it's only the latest addition to their portfolio, while their total is in dozens of billions of dollars worth of BTC.
I think it's easier and safer to invest in Bitcoin directly instead of through ETFs, but I can understand that it depends on an investor, and perhaps ETFs are way more attractive for traditional investors, working with various assets.

[Richbased]

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

That is what most people don't understand yet, i prefer different individuals buying bitcoins that will sum up that huge amount than an institution because we also know that as they impact the market positively when they buy, same it causes severe DIP when they sell. However, since these institutional investors plays major roles in determining the activities of bitcoin price, we should just endeavor to have a long term hodling mentality and also make sure we have reserved funds to buy back whenever they decides to sell.

Inasmuch as they rebuy again after they sell, i think the market will continue to be balanced because most of the reasons why they sell is to take profits and buys at more cheaper price so anyone who doesn't have a long term target will definitely fall to their manipulation when they panic and sell along with the bigger investors.

[348Judah]

How wonderful all these companies, universities, politicians and so-called financial experts that a few years ago were trash-talking crypto-currency are now investing in it.

Bunch of hypocrites if you ask me.

Aside that they have all said all manners of trash concerning bitcoin, including the so called public figures we are having today in politics and in government, but that aside, these institutions we are seeing buying will also dump in due time and this is nothing than market manipulation, have we also considered series of times we see whales alert and we don't know what transpired that might have caused the movement of those transactions, things like this are happening in favour of their own self, despite they also lose.

[Hamza2424]

Indeed you are not wrong, the bulk sale of Bitcoin by large companies could drive down the price, especially if it happens at the same time as other market events.
It is also possible that these companies are adopting a long-term strategy, seeking to hold on to their assets to extract maximum value from them over the long term.

I value your comment here because I also think they are buying these BTC for long term as per many people thinks big whales or companies when buy BTC at the highest point they don't actually planning to make it short term investment like a trade but their plans are big but as a big company and investing billions of money in two days is just crazy and bullish for the market. There will already be a huge demand among ETF investors and that's why they are buying these BTC.

Even if they sell the market will dump that's future and we should not ruin our present for the event that is yet to happen in future and there is fifty fifty chance of it to happen so it is a big bullish news along with election's result the market have the potential to pump to $80k.

[Cryptohygenic]

Do you think other companies will follow suit?

Bitcoin was only limited to 21 million in existence and could accommodate the world if everyone is willing to adopt it so on that Sense, whalers and high institutions has been investing one after the other on the fact of hedging economy inflations and same time investing on assets to expand their incomes. So, there is every needs.and possibilities to expect more adoptors in huge and small scales of values.

[LogitechMouse]

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With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Is the term "manipulation" still applying with Bitcoin?
In 2017, we've seen lots of market manipulation because at that time, the total market cap of cryptocurrency is much lower than that of it is today. Now it's harder to manipulate the crypto market, and I don't see these companies having the power to manipulate the market.

For me, I don't see any reason for Blackrock to buy Bitcoin aside from the fact that they see it as a money-making machine. Let's not forget that Larry Fink is one of the famous businessmen who criticized Bitcoin back a few years ago. Now they're integrating it into their own company, and continuously buying Bitcoin. They can sell whatever they want and since they have the power, they can do it, but as long as there will be buyers then everything is good... or is it?