When Wall Street giant BlackRock entered the market with $11.5 trillion in bullets
The makeshift team in the cryptocurrency circle is about to change!
Who in my family understands this? I flipped through BlackRock’s latest financial report and my pupils were shocked—this old asset management giant actually said that it wants to be the world’s number one in crypto asset management and manage $50 billion in cryptocurrency assets by 2030.
Their Bitcoin spot ETF (IBIT) has only been online for half a year, and its scale has reached 50 billion US dollars, surpassing the gold ETF. The speed of attracting money is even faster than Tesla's car sales!
The most outrageous operation is that BlackRock has adopted a double agent strategy: on the one hand, it uses an ultra-low fee rate of 0.15% to bloodbath the European ETP market, and on the other hand, it secretly
Increasing MicroStrategy stock holdings indirectly locked up 470,000 bitcoins. I calculated that the BTC they hold now accounts for 2% of the total bitcoin circulation, making them a new market maker in the cryptocurrency world!
But let’s not just have fun! Yesterday, I looked at the on-chain data and found a terrifying detail: the difference between BlackRock’s ETF holdings and the real BTC on the chain was more than 200,000. Isn’t this a “paper Bitcoin” harvester? Moreover, they are frantically acquiring private equity companies, making it clear that they want to tokenize traditional assets such as real estate and government bonds. By then, the RWA track may be cut by the sickle of Wall Street.
To be frank: BlackRock’s entry will definitely pull up the market in the short term, but in the long run, we small retail investors may end up being left with the “institutions eating the meat while I drink the soup”. Want to keep up with this epic market trend?
