**BlackRock Becomes the Largest Holder of Bitcoin!**

- **Astonishing Holdings**: BlackRock's Bitcoin ETF (IBIT) holds over 600,000 bitcoins, valued at approximately $58.8 billion, surpassing MicroStrategy (506,000 bitcoins).

- **Crazy Buying**: In the past week, they increased their holdings by 25,000 bitcoins, investing about $800 million daily.

- **Institutional FOMO**: Total inflows to U.S. Bitcoin ETFs exceed $43 billion, with BlackRock accounting for 80%, driving the market up.

**Why Buy So Much?**

- **Optimistic Future**: The CEO predicts Bitcoin could rise to $700,000, recommending sovereign funds allocate 2%-5%.

- **Market Acceptance**: Bitcoin has transformed from a “high-risk asset” to an institutional investment option.

**Market Reaction**

- **Bullish Frenzy**: Bitcoin surpassed $97,000, rising 12% in a week.

- **Bearish Counterattack**: Large funds are quietly retreating, and some are shorting with high leverage.

- **Retail Investors Torn**: Following the trend may lead to losses, while waiting may mean missing opportunities.

**Risk Warning**

- **High Price Volatility**: Prices can plummet by 8% in a single day, and leveraged trading carries extreme risks.

- **Policy Risk**: Government stance may affect Bitcoin prices.

**Summary**

BlackRock's significant Bitcoin purchases signify traditional finance's acceptance of cryptocurrencies. But investing requires caution; don't follow the crowd blindly!