Black Rock Influence - page 2. | Bitcointalksearch.org

promise444c5

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Learning never stops!

Quote from: Coin_trader on February 02, 2024, 11:38:54 AM

According to the official website of Blackrock owns already a total of 70,000BTC which is approximately 2.98B in contrary to the stats that you provided. It seems that you get the details on an outdated article.

Thanks for the link I now confirmed and corrected it,2.9B+ if 70,000

I get it but let's take it in an illusive view of them eventually selling even though it might not be possible, could it have any effect because I believe theyare not the only one in this others with close figure are out there...

Bitco55

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I think we're all having different stats cause...

According to my research, they own over 118.585 Billion dollars. Not sure if that's their worth of Bitcoin though...but It can't be over 11,439 BTC worth.

But the main question to answer here would be if they can influence bitcoin market. I'd say, being the largest asset manager, they should have a small chance of doing that. And that chance would be the capacity to attract other investors and have a good impact on the legitimacy and adoption of Bitcoin as they specialize in alternative investments.

Coin_trader

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Their holdings is from their customers funds who avail Bitcoin ETF (IBIT) which means they can’t sell all their holdings by their own decision. I believe the only benefits of their influence is to attract more customers to purchase their ETF and not to manipulate the price with their massive holdings.

According to the official website of Blackrock owns already a total of 70,000BTC which is approximately 2.98B in contrary to the stats that you provided. It seems that you get the details on an outdated article.

You can refer to Blackrock official website here https://www.blackrock.com/us/individual/products/333011/ishares-bitcoin-trust for updated stats for their ETF.

promise444c5

sr. member

Activity: 476

Merit: 299

Learning never stops!

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

Topic: Black Rock Influence - page 2. (Read 240 times)