BlackRock announcing that they have entered the Bitcoin market and filed for a Spot ETF is a defining moment in the history of Bitcoin. We will look back at this moment as the time that Wall Street began stampede rushing into the market. The moment that solidified this market forever, and sent the price to the astronomic levels we have all been waiting for.
To understand how monumental this moment is, you need to first understand how the Bitcoin market has been completely different than every other financial market in history. It was the only time that regular people had the opportunity to front-run Wall Street. These large corporations couldn’t invest in something that was so risky, mysterious, and unregulated. In all other markets “accredited investors” are the only ones who are able to be initial investors. Bitcoin was different, and that is why it will cause one of the largest transfers of wealth that the world has ever seen.
Fast-forwarding to today, BlackRock announcing they have entered the Bitcoin market is bigger news than most can even imagine. They are the largest money manager in the world and it isn’t even close. They are also a kingmaker. They have the power to get people elected or unelected and push their agendas. In the financial market, there is no one that is better respected. Now that they are entering the Bitcoin market, all of Wall Street will be storming in as well. This is already evident with the multiple announcements of other companies following suit and filing for a spot Bitcoin ETF.
However, this is only the beginning.
Wall Street doesn’t just like to enter a market. They want to own the market.
The only problem with this is that Bitcoiners are a group of people with extreme conviction. They have already fallen down the rabbit hole of Bitcoin, aligned with it, and know its true potential. This means that they won’t want to sell their Bitcoin at $30k, $50k, or even $100k. It is going to take a price much higher. No matter how much Wall Street tries to fool you, they are also deeply aware of the potential of this market. They have the means to acquire it, and they will pay whatever it takes.
Always remember that there isn’t much Bitcoin left. It is estimated that over 70% of the entire Bitcoin supply hasn’t moved within the last year. People don’t want to sell.
Bitcoin game theory is about to go into full effect. BlackRock has entered the market, and soon banks will be going all-in as well. The dominoes will continue to fall and soon you will be putting yourself at risk if you aren’t in the market. First Wall Street will FOMO into Bitcoin, and then countries will follow soon after. All of a sudden, those predictions that we have all been hearing about Bitcoin reaching a price of millions of dollars per coin by 2030 not only don’t feel quite so outlandish but are becoming more likely by the day.
Something special is about to happen. The great Bitcoin accumulation race has begun. Let’s just hope you have enough large enough bags for the ride.
How about you? Do you think a Bitcoin Accumulation Race has begun?
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