When Larry Fink speaks, do people listen?
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The latest test, to see if my lead image appears this time, publishing with One Bitcoin Club's UI, as the code behind this image cannot be more basic.
Image Source: TheStreet Roundtable post on
"BlackRock CEO warns dollar could lose reserve status to Bitcoin"
Clear down here, testing whether this HTML
code interferes with the processing
of the lead image in this post.
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(continuing on) ... Is the Pope Catholic?
As the CEO of BlackRock, in control of an estimated $10.5 Trillion dollars in Q1 2024, the answer is self-evident. BlackRock is the world's largest asset management company.
So, what is this about making Bitcoin the world's reserve currency instead of the U. S. Dollar? Is that a serious question?
There are a growing number of corporate and political institutions actively working on adding Bitcoin to their balance sheets.
Why? And with what are they going to purchase the portion of their balance sheets being proposed for conversion to Bitcoin?
Cash! Specifically, the U. S. Dollar!!
One key to the entire discussion is the large and growing public debt burden. This is not just a problem for the Americans. It is a problem across the planet.
The historic answer is just to print more money. And pretend it is not losing value, as a direct result.
How is that working out for us all?
Part of the answer was embedded in the Genesis block of the Bitcoin blockchain. There we find a reference to this legendary figure's view of the debt crisis of 2008.
At the time, it was widely reported the entire financial system of planet earth was in danger of collapsing.
The "virtual gold" of Bitcoin was this figure's historic answer! From its humble beginnings in 2008, how is Bitcoin viewed today?
If Larry Fink is bullish on Bitcoin, what do you think?
Maybe allocating a little time to building up some Sats of Bitcoin via participating in the new One Bitcoin Club is worth your consideration?
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What are your thoughts about increasing the amount of Bitcoin in your portfolio, in general, and contributing to the growth of this new community on the Hive blockchain, in particular?
Best wishes, until we meet again,
QT
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ā¢ Ā NotĀ due to a change of heart.
ā¢ Ā Uncertainty about the accounts which did comment.
