Topic: Good or Bad - Blackrock Buying BTC - page 2. (Read 885 times)

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.

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.

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.

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.

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.

But the problem is that even if we don't like it, we can't do anything to stop them. And if you want to limit those institutions because you don't want them to hold too much bitcoin, that means the government can also ban you and everyone from owning bitcoin. At that time, bitcoin is no longer decentralized and once it loses its decentralized nature, bitcoin will become useless.

We always say that bitcoin is fair and anyone can own it without fear of others controlling or banning it. So, we also need to respect others even if they want to own a lot of bitcoin because if we had as much money as them, we would do the same thing. Personally, I'm not afraid of Blackrock or anyone who holds a lot of bitcoin because if it were me, I would do the same thing because bitcoin is so good that there's no reason to reject it.

BlackRock buying Bitcoin has two sides to it.

Firstly, It gives credence to the technology and awakens the interests of investors to look that way thereby creating liquidity in the space for transactions to be facilitated, even though the space needs to single entity to validate it.

Secondly, it gives the space the fear of manipulation, since the supply of Bitcoin is limited, Whales have the advantage of manipulating the prices to their own advantages, and they can do this as often as they want since they are the bigger player with a bigger chunk of the liquidity.

In the short term, Blackrocks buying of Bitcoin is good for the market and Hodlers as this translates into price soaring and more people believing in cryptos, but the unfortunate issue we not talking about is that one entity will control how bitcoin will grow once they have the lion's share of coins and I don't like it!!!
Tbh, if it were up to me..I would limit the number of coins one person or entity can owe at this point to try protect the markets in the long term to avoid market manipulation etcetera

As a business, I think they are trying to make sure they have enough Bitcoins to accommodate new investors coming for the Bitcoin spot ETF's..which is a good thing but should they derail from their vision then it's a bad move!!

Exactly.
But I don't see need for panic as Blackrock is buying more BTC for her investors. They are in the market for profit making, giving room to the public (clients) to invest in the market with the fate of making profits off there investment, thus can lead to bitcoin rise overtime because of more players into the market and the concept of supply and Demand.

Only few of the general public have understanding about how bitcoin system works, and the implication of investing in Bitcoin market through a third party system which is the only reason some members of this forum careless.

No doubt we all believe and practice  Self-Custody but most new players don't really understand and would rather prefer investing with  big investment Company like Blackrock.

Generally, a larger company, even something as heinous as blackrock buying into the bitcoin narrative and the crypto industry spells good news for the industry, and what better time than have it coincide with the upcoming halving and crypto bull run, which is why some people in here think these ETFs are what's going to be the narrative for this season's bull run. So in a manner of speaking, it's a good thing and we could expect bitcoin increasing in value over time.

However, since the market's gonna be opened to people who generally have little to no idea with how crypto works, we could expect a lot of panic buys and sells coming our way, so pretty sure this season's going to be a really tumultuous bull run for a lot of us. Add to this the fact that this is yet another outside power trying to use bitcoin for their personal profit, and we got ourselves a not so necessary evil coming our way, making a general mess of the whole crypto situation.

Oh well, I reckon it's gonna be time until we find out if these ETFs are for keeps or if they're going to pull it out once they figured bitcoin's too decentralized for them.

Blackrock entering the cryptocurrency market, primarily Bitcoin is only good for the industry as a whole. It allows retail investors who have feared actually needing to hold their own cryptocurrency, easily enter the market, but more important it allows institutional investors (pension funds, etc) to consider adding bitcoin as a 1% allocation or more to their portfolio for diversification purposes. This could easily bring 1 trillion USD+ per year into the market, pumping Bitcoin even further. We will just have to wait and see.

That's actually the problems!

If Blackrock keep buying Bitcoin, it means Blackrock will own all Bitcoins except there's person don't want to sell his coins at any price. After that, Blackrock can do anything with the coins, they also can force people to only buy their fake Bitcoin i.e. ETFs and forbid people to withdraw their coins to exchange or wallet.

It makes everyone who want to buy and own Bitcoin must buy ETFs instead of the real Bitcoin.

the thing is that if a black rock purchase more of Bitcoin right now that will affect a bitcoin increment because there will be a massive adoption in Bitcoin and that massive adoption enhance the Skyrocket of Bitcoin increment so therefore I believe that bitcoin increment can take place, certain time I think it was Amazon that accept a payment with a Bitcoin that period of a time the price of Bitcoin changes based on they have adopted a Bitcoin so there's some people who will invest in Bitcoin or who will adopt a Bitcoin there will be a massive increment in Bitcoin.

the thing is that bitcoin price cannot be regulated by individual or anyone it can go up based on adoption of people or company because once more companies are coming in into bitcoin existence or bitcoins life the more the demand is getting high because it is didn't demand that controls the market of Bitcoin and then when the demand is higher than the supply the market Skyrocket to more than anyone's expectation that is why we continue to say that adoption helps for bitcoin increment.

actually the Bitcoin price has already gone up before the black rock of a thing but the problem is that if Black Rock purchased more of Bitcoin or any company purchase more of Bitcoin that will make the demand of Bitcoin to be higher than the supply so therefore I believe that the price of Bitcoin to increase more and more.

that is good experience of you because it is obvious that the more investors are coming in Bitcoin the more the price of Bitcoin is appreciated so investors or companies next the price of Bitcoin to Skyrocket and it is when the the demand will be high so once there is no investors in Bitcoin they demand is going to be low and it is supply will be higher than the demand so definitely the price of Bitcoin is going to be cash based on that, does not know why the price of Bitcoin always increase and the sometimes the price of Bitcoin always crash the increment of price of Bitcoin is based on demand why the fall aspect of Bitcoin is based on supply.

BlackRock is a very influential and powerful investment company. SEC confirmed Bitcoin ETFs because there was pressure from companies like BlackRock. Their involvement is good for making Bitcoin more popular, adopted and expensive. Expensive Bitcoin means higher profit for early holders but this massive adoption and an open door with BlackRock comes with one disadvantage and that's the slow centralization of Bitcoin. When centralized companies offer centralized services with Bitcoin, we are losing decentralization and Bitcoin's main value is decentralization. It doesn't mean that centralization will make BTC cheap but the problem is that Bitcoin will not be a good payment method.

This is the financial market and what we need to do is create the most profit for ourselves, not thinking too much about things that we cannot change or intervene. Similarly, in addition to blackrock and funds entering the market, governments will also soon introduce regulations for bitcoin and the entire cryptocurrency market. What else can we do to change that? We can't do anything but keep quiet and follow the rules. So instead, let's adapt and think about what plan will benefit us the most when those things happen.

It may not be right to call this situation good or bad, as you say. I think we will see how this situation will be in the coming years. For now, everyone knows the answer to the question of Bitcoin's recognition or whether Bitcoin will bring profit. Bitcoin proved itself a long time ago.

There will always be institutions that look at Bitcoin only to make a profit. Bitcoin is an investment tool that every person and institution can access. The positive or negative effects of the actions of these institutions emerge later.

I think Blackrock entering in to the space has been inevitable, something that I believe brings both good and somewhat not so good things to the bitcoin space.  One the "good" front, being the largest fund manager on the planet, they've got a whole lot of clients with a whole lot of cash on hand, which as we can already see is going in to bitcoin a furious rate.  I think these ETFs were a major milestone in bitcoins evolution.

I actually agree with you. As I've said, this is more bad than good. Off the top of my head, it seems there are only a couple of good things that we can get from it. One, of course, is the price growth. Second is the acknowledgement of Bitcoin in general.

Opinions can easily change. At least with the participation of these huge institutions, the herd, the majority of the people, are convinced once and for all that Bitcoin isn't a Ponzi. This might just be the first step. At least they're now embracing Bitcoin. Sooner or later, they will understand it a little better and time might come when they will eschew all this centralization and custody and IOUs.

It's a good thing because what we've seen before, they're starting to see it right now. The worry is there but this is normal because even before, we've been thinking of them trying to get into this market but it took them years to realize to buy it.

IMO, they've studied well on this matter and whatever the rich institutions are buying, that's the key and sign on what the retailers should go. It's that we can think of it that they're doing the favor of research for us.

However, don't think that they'll hold forever as they need to make money at all times.

They wanted to have these financial actors operating with bitcoin and it turned out that now they have fear or doubts, it is what a large majority wanted, the issue is not having them buying bitcoin, it is that they are doing it at a very convenient price.

bitcoin with these active ETF companies should be priced at at least 100k, but it turns out the price is stuck at +60k.  That is to say, they are buying at a good price. Hence, the question is, whether with 100% profits they will hodl.