Explanation
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 361. (Read 26713229 times)
October 18, 2024, 06:01:16 AM
October 18, 2024, 05:54:16 AM
BlackRock Goes on a Bitcoin Buying Spree: Purchases Over $680 Million in BTC
X
According to data from Lookonchain, ETF issuer BlackRock has been buying immense quantities of Bitcoin (BTC). The first of these purchases took place on October 15, purchasing over $294 million worth of the asset. BlackRock followed this up with an even larger purchase the next day, at over $390 million.
BlackRock's continued enthusiasm for BTC should come as little surprise due to the stupendous success of its IBIT Bitcoin ETF. This month, Eric Balchunas declared IBIT one of the top ETF performers of the decade, with over $25 billion AUM. The Bitcoin ETF market, in general, has been surging this week, but IBIT was the clear leader.
Several members of BlackRock's leadership have also praised Bitcoin this October. BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, predicted a $30 trillion BTC market in the coming years. Its CEO, Larry Fink, also called Bitcoin an "independent asset class" in an earnings call, promising future growth in the firm's strategy.
News source
I've been confused by posts like this for a bit. Does this mean BlackRock is buying the BTC for BlackRock, or outside funds are flowing in to BlackRock to facilitate buys of BTC ETFs for outside parties? And if the latter, why are they stating it like the former?X
According to data from Lookonchain, ETF issuer BlackRock has been buying immense quantities of Bitcoin (BTC). The first of these purchases took place on October 15, purchasing over $294 million worth of the asset. BlackRock followed this up with an even larger purchase the next day, at over $390 million.
BlackRock's continued enthusiasm for BTC should come as little surprise due to the stupendous success of its IBIT Bitcoin ETF. This month, Eric Balchunas declared IBIT one of the top ETF performers of the decade, with over $25 billion AUM. The Bitcoin ETF market, in general, has been surging this week, but IBIT was the clear leader.
Several members of BlackRock's leadership have also praised Bitcoin this October. BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, predicted a $30 trillion BTC market in the coming years. Its CEO, Larry Fink, also called Bitcoin an "independent asset class" in an earnings call, promising future growth in the firm's strategy.
News source
Because the buying is done by Blackrock not the investor, all they do is provide the funds and are issued shares in accordance to the current price of Bitcoin.
The investor buy share
Blackrock buys Bitcoin.
When investors move their funds, the equivalent is reflected on Blackrock holdings.
Used Blackrock as an example.
October 18, 2024, 05:01:17 AM
October 18, 2024, 04:01:18 AM
October 18, 2024, 03:47:21 AM
BlackRock Goes on a Bitcoin Buying Spree: Purchases Over $680 Million in BTC
X
According to data from Lookonchain, ETF issuer BlackRock has been buying immense quantities of Bitcoin (BTC). The first of these purchases took place on October 15, purchasing over $294 million worth of the asset. BlackRock followed this up with an even larger purchase the next day, at over $390 million.
BlackRock's continued enthusiasm for BTC should come as little surprise due to the stupendous success of its IBIT Bitcoin ETF. This month, Eric Balchunas declared IBIT one of the top ETF performers of the decade, with over $25 billion AUM. The Bitcoin ETF market, in general, has been surging this week, but IBIT was the clear leader.
Several members of BlackRock's leadership have also praised Bitcoin this October. BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, predicted a $30 trillion BTC market in the coming years. Its CEO, Larry Fink, also called Bitcoin an "independent asset class" in an earnings call, promising future growth in the firm's strategy.
News source
I've been confused by posts like this for a bit. Does this mean BlackRock is buying the BTC for BlackRock, or outside funds are flowing in to BlackRock to facilitate buys of BTC ETFs for outside parties? And if the latter, why are they stating it like the former?X
According to data from Lookonchain, ETF issuer BlackRock has been buying immense quantities of Bitcoin (BTC). The first of these purchases took place on October 15, purchasing over $294 million worth of the asset. BlackRock followed this up with an even larger purchase the next day, at over $390 million.
BlackRock's continued enthusiasm for BTC should come as little surprise due to the stupendous success of its IBIT Bitcoin ETF. This month, Eric Balchunas declared IBIT one of the top ETF performers of the decade, with over $25 billion AUM. The Bitcoin ETF market, in general, has been surging this week, but IBIT was the clear leader.
Several members of BlackRock's leadership have also praised Bitcoin this October. BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, predicted a $30 trillion BTC market in the coming years. Its CEO, Larry Fink, also called Bitcoin an "independent asset class" in an earnings call, promising future growth in the firm's strategy.
News source
Well I don't think that BlackRock is buying btc for its own account
I heard investors bought some shares of IBIT which them led to them buying BTC to back those shares up
October 18, 2024, 03:10:08 AM
BlackRock Goes on a Bitcoin Buying Spree: Purchases Over $680 Million in BTC
X
According to data from Lookonchain, ETF issuer BlackRock has been buying immense quantities of Bitcoin (BTC). The first of these purchases took place on October 15, purchasing over $294 million worth of the asset. BlackRock followed this up with an even larger purchase the next day, at over $390 million.
BlackRock's continued enthusiasm for BTC should come as little surprise due to the stupendous success of its IBIT Bitcoin ETF. This month, Eric Balchunas declared IBIT one of the top ETF performers of the decade, with over $25 billion AUM. The Bitcoin ETF market, in general, has been surging this week, but IBIT was the clear leader.
Several members of BlackRock's leadership have also praised Bitcoin this October. BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, predicted a $30 trillion BTC market in the coming years. Its CEO, Larry Fink, also called Bitcoin an "independent asset class" in an earnings call, promising future growth in the firm's strategy.
News source
I've been confused by posts like this for a bit. Does this mean BlackRock is buying the BTC for BlackRock, or outside funds are flowing in to BlackRock to facilitate buys of BTC ETFs for outside parties? And if the latter, why are they stating it like the former? X
According to data from Lookonchain, ETF issuer BlackRock has been buying immense quantities of Bitcoin (BTC). The first of these purchases took place on October 15, purchasing over $294 million worth of the asset. BlackRock followed this up with an even larger purchase the next day, at over $390 million.
BlackRock's continued enthusiasm for BTC should come as little surprise due to the stupendous success of its IBIT Bitcoin ETF. This month, Eric Balchunas declared IBIT one of the top ETF performers of the decade, with over $25 billion AUM. The Bitcoin ETF market, in general, has been surging this week, but IBIT was the clear leader.
Several members of BlackRock's leadership have also praised Bitcoin this October. BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, predicted a $30 trillion BTC market in the coming years. Its CEO, Larry Fink, also called Bitcoin an "independent asset class" in an earnings call, promising future growth in the firm's strategy.
News source
October 18, 2024, 03:01:16 AM
October 18, 2024, 02:01:16 AM
October 18, 2024, 01:43:23 AM
This was interesting to me:
https://www.youtube.com/watch?v=_OXdK67IlbU
Tl;DR bitcoin according to the power law...projects btc at about $1 mil (or 400 oz gold bar in current prices) by about 2032-2033 plus many other interesting points.
For example, sees 50X increase in the next 15-16 years (in $$). Current "yearly" rate is at 42% average, slowly declining, but still about 20% yearly rate in 20 years.
https://www.youtube.com/watch?v=_OXdK67IlbU
Tl;DR bitcoin according to the power law...projects btc at about $1 mil (or 400 oz gold bar in current prices) by about 2032-2033 plus many other interesting points.
For example, sees 50X increase in the next 15-16 years (in $$). Current "yearly" rate is at 42% average, slowly declining, but still about 20% yearly rate in 20 years.
Her is the author himself: https://youtu.be/oT-L8I_qmVU?si=8dhXuIodFUh-oXOR
October 18, 2024, 01:42:54 AM
Back to $68.000, fingers crossed that it would not be a short term double top --> dump but a breakout from the 7 month channel.
October 18, 2024, 01:42:16 AM
It seemed like Uptober was going to be a dud but these last few days have been pretty explosive. I think we may end up seeing a new all time high by the end of the year. I’ll admit I had begun to lose faith, but I’m a bit surprised at the strength we’re seeing here. I thought we’d be mostly sideways until the end of the month.
October 18, 2024, 01:28:52 AM
BlackRock Goes on a Bitcoin Buying Spree: Purchases Over $680 Million in BTC
X
According to data from Lookonchain, ETF issuer BlackRock has been buying immense quantities of Bitcoin (BTC). The first of these purchases took place on October 15, purchasing over $294 million worth of the asset. BlackRock followed this up with an even larger purchase the next day, at over $390 million.
BlackRock's continued enthusiasm for BTC should come as little surprise due to the stupendous success of its IBIT Bitcoin ETF. This month, Eric Balchunas declared IBIT one of the top ETF performers of the decade, with over $25 billion AUM. The Bitcoin ETF market, in general, has been surging this week, but IBIT was the clear leader.
Several members of BlackRock's leadership have also praised Bitcoin this October. BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, predicted a $30 trillion BTC market in the coming years. Its CEO, Larry Fink, also called Bitcoin an "independent asset class" in an earnings call, promising future growth in the firm's strategy.
News source
X
According to data from Lookonchain, ETF issuer BlackRock has been buying immense quantities of Bitcoin (BTC). The first of these purchases took place on October 15, purchasing over $294 million worth of the asset. BlackRock followed this up with an even larger purchase the next day, at over $390 million.
BlackRock's continued enthusiasm for BTC should come as little surprise due to the stupendous success of its IBIT Bitcoin ETF. This month, Eric Balchunas declared IBIT one of the top ETF performers of the decade, with over $25 billion AUM. The Bitcoin ETF market, in general, has been surging this week, but IBIT was the clear leader.
Several members of BlackRock's leadership have also praised Bitcoin this October. BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, predicted a $30 trillion BTC market in the coming years. Its CEO, Larry Fink, also called Bitcoin an "independent asset class" in an earnings call, promising future growth in the firm's strategy.
News source
October 18, 2024, 01:01:18 AM
October 18, 2024, 12:45:21 AM
This was interesting to me:
https://www.youtube.com/watch?v=_OXdK67IlbU
Tl;DR bitcoin according to the power law...projects btc at about $1 mil (or 400 oz gold bar in current prices) by about 2032-2033 plus many other interesting points.
For example, sees 50X increase in the next 15-16 years (in $$). Current "yearly" rate is at 42% average, slowly declining, but still about 20% yearly rate in 20 years.
https://www.youtube.com/watch?v=_OXdK67IlbU
Tl;DR bitcoin according to the power law...projects btc at about $1 mil (or 400 oz gold bar in current prices) by about 2032-2033 plus many other interesting points.
For example, sees 50X increase in the next 15-16 years (in $$). Current "yearly" rate is at 42% average, slowly declining, but still about 20% yearly rate in 20 years.
October 18, 2024, 12:01:16 AM
October 17, 2024, 11:01:16 PM
October 17, 2024, 10:01:20 PM
October 17, 2024, 09:32:31 PM
--OMG, ginormous classic JJG--
they (:status quo rich twats) run a pretty BIG risk of getting fucked pretty BIG time if they don't have the BTC that they claim to have (which I think is part of the explanations in regards to how Gamma squeezes can end up taking place and truly fuck over both a lot of the shorters and/or the ones who don't have the BTC that they claim to have.. so good luck to those who fuck around with not buying bitcoin when they are selling bitcoin exposure to others.. hello, FTX in mid-to-late 2022).
they (:status quo rich twats) run a pretty BIG risk of getting fucked pretty BIG time if they don't have the BTC that they claim to have (which I think is part of the explanations in regards to how Gamma squeezes can end up taking place and truly fuck over both a lot of the shorters and/or the ones who don't have the BTC that they claim to have.. so good luck to those who fuck around with not buying bitcoin when they are selling bitcoin exposure to others.. hello, FTX in mid-to-late 2022).
Would have merited
Because of treasure inside
Were it not too long
#haiku
October 17, 2024, 09:01:16 PM
October 17, 2024, 08:19:50 PM
Long time (10 days 
) since my alst time here in the forum, i was traveling.
The good thing is the outlook is completly diferent from that point, now we are in a very good position or in a very healthy price willing to finally break the ATH, but this time in a serious way.
) since my alst time here in the forum, i was traveling.The good thing is the outlook is completly diferent from that point, now we are in a very good position or in a very healthy price willing to finally break the ATH, but this time in a serious way.
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