Bitcoin mining used to be hot during the earlier cycles of the bitcoin. And then altcoin and the proof of stake started gaining the attention. Slowly bitcoin and the altcoin have gained the attention of the companies, investor firms and the startups. Which means the landscape is shifting from the decentralization to centralization.
BlackRock a company that invests their money into almost every asset out there in the world has noticed crypto too. And they are not just limited to United States and infact they are out there investing like whales in many sectors and they happen to have larger portfolio than most of the investor firms out there.
They recently started getting into the bitcoin and crypto in general. They also applied for the SPOT ETF Fund approval with the SEC. And now they are also buying stocks of the companies who are into bitcoin mining.
Let's talk about how the Blackrock's investment into US Bitcoin mining companies matter.
Blackrock has got it's hand into the new tech after they decided to invest into the startups that were offering the services specific to wallets, staking and other payment services. But now blackrock has decided to go to it's own root where they are offering the ETF funds. And for that they are making use of the bitcoin assets to include into their ETF funds.
They have applied to SEC for the SPOT ETF into the market. And that means one more thing they can now cross off their checklist. And they would be working ahead with other crypto like ethereum and possibly solana if things go as planned with the bitcoin ETF.
Blackrock as an international investor can never keep hands into one basket and they have to keep on extending efforts into multiple investment places. And that means relying alone on the spot etf won't do good for the blackrock either. They are now going for the bitcoin mining companies. So they have enough assets into the bitcoin sector.
Now they have invested into the companies like - Cipher Mining, TeraWulf, Stronghold Digital Mining and Greenidge Generation Holdings. Which means they are kind of pretty neck deep into the mess of the bitcoin. So they want the bitcoin to succeed and it's not just fly by night investment. This is your sign to invest into bitcoin to have a safety net.
Black rock is not the only company that invests into the bitcoin. But there are companies like microstrategy and many others that are investing into the bitcoin. And they seem to be getting things worked up with the price as of now in each yearly cycle of bullrun. That goes to show bitcoin is here to stay.
If you are not invested into the bitcoin as of yet. This is your call to do so because if you miss now and once the price goes past 50K or more then there would be waste of opportunity for you. And that is the lesson we can learn when the real life whales like blackrock get into the bitcoin in every shape possible.
BlackRock's SPOT ETF and now the buying spree of the bitcoin mining companies goes to show you that bitcoin is here to stay and it only goes up from here unless there happens any manipulation like any other asset market.
