Topic: BlackRock CEO is now a marketing Officer for Bitcoin (Read 84 times)

considering that in 2017 Larry Fink once said that bitcoin was a place for money laundering and would not last long, now he supports bitcoin (an international gold asset) because the great growth over time of bitcoin has had a good impact and a significant price spike. The crypto market is now spread across every country and BlackRock fully supports Bitcoin assets now. The upcoming bull season will be even stronger.
It could be, the main purpose of what you say friend

All these are their own marketing strategy rather that is aimed to target on their potential investors to develope more interest on bitcoin spot ETF should in case it is approved, what he's saying is not to advertise bitcoin, but to promote his own business and clients patronage towards what they are offering as services, they know how valuable bitcoin could be and using it's market price for their spot ETF is going to make a push for them in their  business, so don't be decieved, he's rather helping himself and not bitcoin when he does such thing to catch the media attention.

You can just call him "Bullish", saying him a "marketing officer" is just like you're saying that bitcoin is a company. He's not the first one who said those words and probably won't be the last. Sure thing, he can use his influence as a known person in investment industry firm just like Saylor of microstrategy. While they both talk much more bullish about bitcoin because that's their platform, because sure their business will benefit the most.

Maybe they did that because they might be hoping that they will be given a chance to be approved by the SEC, and when that happens, for sure, because they have a lot of holdings, they will also get big profits.

So, in my opinion, I will not wonder why they do that. But this is just my opinion; I'm not sure about this yet. But when that is actually approved, it will also be favorable to Tin for sure in the end because there will be many profits on the day of the bull run.

blackrock is in the game of trading assets that are strong and have sustainability, longevity(for profit).
they dont trade penny stocks, they wont invest or hoard in things that can disappear to zero overnight.. as thats not profitable

so by them seeing the value and longevity of bitcoin they are willing to spend months-years on lots of legal cost and managerial costs just to be able to start trading (for profit)

if they just seen it as a temporary come-and-go penny stock. they would not have bothered

they are basically certifying that bitcoin is "bluechip" rather than "penny stock"

BlackRock, like any other investment company, is focused on profits. So it's not about personal affinity for Bitcoin as much as it is about seeing an opportunity to make more money. That's why I don't trust statements of people like Larry Fink: he's supportive of Bitcoin right now, which is great, but we can't rely on him always saying supportive things because if an opportunity presents itself for him to successfully bet against Bitcoin, I don't think he'll give it a second thought.
BlackRock's support is good, but we don't need it for Bitcoin to recover and go into its bullish phase, I believe.

They applied for Bitcoin Spot EFT and waiting for an approval from SEC hence I can not disagree with what you say.

I disagree because it is certainly not correct. A next halving is only about less than six months from today. It is estimated to happen in April 2024. It is about 152 days from now.
https://www.bitcoinblockhalf.com/

This is true but it is not something really new. People know about that but they just ignore the fact and only recognize about it with each Bitcoin halving.


It's true but effects from FED and other national central banks usually need a lot of time, months and years to be shown at national scale and global scale. Their citizens will very slowly realize effects from inflation or hyper inflation by central banks.

alot of people have said "wasnt bitcoin just a fad"
                                   "isnt bitcoin dead already"
                                   "isnt bitcoin that thing that fadded away years ago"

are now saying "wait, big funds manager want to start selling shares pegged to bitcoin"
                       "wait, big funds manager want to start custodianize and collateralise bitcoin"

they are starting to see that institutions are now recognising bitcoin as value that can be collateralised, invested
other things like regulators recognising bitcoin as an asset if held/used directly or treated as a commodity if used as a collateral to create other financial tools like shares. makes people see that bitcoin is at a "new beginning" a new era of "early adoption" phase

I wouldn't call him a marketing officer for Bitcoin though, if you want to, you can also call that title to Michael Saylor as he is extremely bullish about bitcoin. You just have to understand what are the narratives from behind his entities like BlackRock and why he made that statement and why they are looking for a Bitcoin Spot ETF approval for their clients.

It's because the massive profits that they are going to make if SEC will allow it. And with that kind of influence they have as they are trillion asset company, we should not be surprised of their positive support to BTC.

BlackRock CEO Larry Fink has expressed complete support for bitcoin, stating that it is an "international asset" that can be used as a hedge against inflation and currency devaluation. This is an important development because BlackRock is the world's largest asset manager, and its clients could potentially invest billions of dollars in bitcoin if the bitcoin ETF is approved. This will surely lead to a huge increase in the price of bitcoin.

The next bitcoin halving is less than 10 months away. This event, which occurs approximately every four years, reduces the amount of new bitcoin that is created. Soon, the Federal Reserve is likely to be forced to cut interest rates and start printing money again at some point in the next 18 months. This would make bitcoin even more attractive as a hedge against inflation.

However, I believe the next two years could be very bullish for bitcoin. With the combination of BlackRock's support, the next bitcoin halving, and a potential return of QE could drive the price of bitcoin to a new all-time highs.

You can agree with me that;

BlackRock's CEO has expressed support for bitcoin.
BlackRock is the world's largest asset manager.
BlackRock's clients could potentially invest billions of dollars in bitcoin.
BlackRock is considering offering a bitcoin ETF.
The next bitcoin halving is less than 10 months away.
The bitcoin halving will reduce the supply of new bitcoin.
The Federal Reserve is likely to cut interest rates and start printing money again.
QE would make bitcoin even more attractive as a hedge against inflation.