BlackRock is making big moves in Bitcoin

So, BlackRock is jumping into Bitcoin through IBIT. Just a few days ago, they've been snagging a ton of Bitcoin. You can check out this link for more details about it. Being the biggest asset management firm out there, BlackRock's been in the Bitcoin game for quite some time, and they’re looking to hold on to their stash for the long haul. There's a list of some of the Bitcoin they’ve picked up. Right now, Bitcoin's trading between $108k and $113k, which is making a lot of folks anxious. But let’s not forget how crazy Bitcoin’s price can be. Nobody really knows what’s gonna happen next. If you’re feeling the stress from the current market, maybe give this article a read so you can chill out and keep buying like you used to.

So why? IBIT has been the most successful ETF. It's obviously a good news to see Blackrock putting more and more exposure to the Bitcoin. However, Blackrock is owning BTC but storing their asset on Coinbase, which was not owned by them directly. So, i'd rather go to the Fidelity BTC ETF over this. Anyway i know you may be concerning about the volatility of Bitcoin, but since the institutional are also buying at the top. Why should we feel worry? I'd rather take the risk by storing my money into risky asset to hedging against inflation instead of doing nothing and lose the buying power of my money.

It's no wonder that US Dollar is in danger. The way US government is printing the money while increasing its debt, the value of USD is expected to fall. That's why investment companies and government around the world are selling dollars and buying gold and crypto. Unlike fiat, gold and crypto has value that is not controlled by the government and the owners owns the pure value. As of putting it on Coinbase, Both BlackRock and Coinbase are US based companies, Blackrock is a fund while Coinbase excels in operating with fiat and crypto. Coinbase is a regulated company in US hence one of the most trusted one. They probably used Coinbase to buy and store with them according to a contract. They'll use it to hedge against the price fall of USD.

Is the Dollar in danger? I don't thinks so. If you look at the reserve Currency British pound sterling that Pound ist still here. Sure if you think bipolar or on and off, than a danger ends in a catastrophe.

Institutions are taking advantage of the profitability of Bitcoin. They came late, so they are buying aggressively to cover lost ground. BlackRock and other ETF providers will not back down anytime soon. Anyone who understands how Bitcoin works wouldn't be disturbed by the volatility. Rather, they will take advantage of it to buy discounted BTC.

If these institutions are buying at the top, we can expect bitcoin to keep rising in value over the last few months of the year. This might be the time where everyone will get FOMO because instead of buying bitcoin when it was cheaper, they were scared and were selling their bitcoins when it was declining.

False. If you start like that, I don't know how you expect those of us who know about the subject to take you seriously. IBIT is a product offered by BlackRock for its customers to invest in; BlackRock does not invest in IBIT or Bitcoin.

It gets more annoying on X where you see an account with lots of information posting such false information That ETFs are investing on Bitcoin that they know something . This phrase is one I can't really stand. Lol how? What do you think inflow and outflow mean when you reading news about ETFs? They sell once investors want to and buy when investors want to.

I'm also optimistic that this phase bull run isn't over yet like some speculations may claim. Recently Strategies predicts bitcoin to reach $150, 000 this year and with how the price has been currently showing some bearish moves is overwhelmed for the skeptics to keep holding. For institutions to keep buying at this time and the current Trump's tariff news may ease the selling pressure. So we can expect more investors buying more and again which should prompt the support for rising force. When's that time comes I'm sure we'll also see lot of newbies opening threads here regrettably about how they failed to buy because of psychological sentiments with the price being discouraging to buy.