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31 sats \ 1 reply \ @SpaceHodler 5 Oct 2023 \ parent \ on: Blackrock's gameplan bitcoin
The OP also missed one fact: BlackRock is poor.
In the same way I'm wealthier than Warren Buffet, because I have some sats and he doesn't. That wealth is 'unrealized', because of the current, suppressed price of my sats.
BlackRock may have some BTC, but most of it is held by holders who got in before BlackRock. Their ETF is going to pump the price and the more it goes up, the more the long time bitcoiners' wealth will be 'realized' and the wealthier (in realized terms) they will be in relation to BR.
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0 sats \ 0 replies \ @Hypnagog OP 5 Oct 2023
Blackrock etf will bring in NEW (non value based) capital money who will only care about returns and aml compliance.
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