BlackRock worlds Largest Asset Mgr starting to buy BTC
Well, you knew it was just a matter of time for the Giant BlackRock to wake from their slumber to a new digital landscape and see BTC shining across the world.
Who is BlackRock? They were founded in 1988 in NY City and have only $7.8T Assets Under Management (AUM). 60% of its overall assets under management are for institutional investors, most of which is products linked to stock markets. I feel sorry for them; nah i don't. They also happen to be the US Fed's favorite market intermediary to help stabilize markets (yeah that its, stabilize markets. So even say they are the newest to the Silver manipulation market (its been kept under wraps for 100+ years what's a tiny bit more?)
Want more about BlackRock? https://www.businessinsider.com/what-to-know-about-blackrock-larry-fink-biden-cabinet-facts-2020-12
What do we know about their SEC filing? Spotted by MacroScope
So how much is BlackRock going to invest? Initial SEC filings show just a little bit of its TRILLIONS under management. Which will dwarf most other investment houses just due to sheer size of AUM. Just using common sense shows the huge potential for impact at Grayscale and PayPal snapping up the pre-mined inventory of BTC. Who will win this battle?
Summary - Late in '20 we had lots of Institutional investors moving into BTC asset. Now we have the worlds largest Asset manager dipping their toe into the BTC Asset class. All I can think is hang on!
