bitcoinea

First Strategy, now BlackRock, should we worry?

First Strategy, now BlackRock, should we worry?

BlackRock is a global investment giant that manages over $10 trillion in assets.


Good for them.


BlackRock has been quietly buying Bitcoin, unlike Strategy that's been doing it very loudly, and has so far accumulated around 3 percent of the total BTC supply.


At the time of writing, BlackRock owns 630,000 BTC.


It's a lot.


It's too much.


Strategy's Michael Saylor says that sooner or later it'll be difficult to buy Bitcoin, because so much of it will be in the hands of people and entities and governments and companies that are not willing to sell.


I don't know if I agree with that.


But do you know feel comfortable with this fact? I don't.

How do you rate this article?

18


LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


bitcoinea
bitcoinea

Let’s talk crypto 💎💠

Publish0x Publish0x

Reward the author with $0.01 in crypto, and earn yourself as you read!

20% to author / 80% to me.
Rewards are FREE. Publish0x pays them, not you.

Page not displaying correctly?