The other day Blackrocks Ceo came out on an interview and had this to say about bitcoin
source
“We do believe that if we can create more tokenization of assets and securities – that’s what bitcoin is – it could revolutionize finance,”
“Instead of investing in gold as a hedge against inflation, a hedge against the onerous problems of any one country, or the devaluation of your currency whatever country you’re in – let’s be clear, bitcoin is an international asset, it’s not based on any one currency and so it can represent an asset that people can play as an alternative.”
Well the same man was someone not wanting bitcoin to succeed and fighting it in every chance he could get.
“Bitcoin just shows you how much demand for money laundering there is in the world,”
2017 comment about bitcoin
Of course, he has gradually changed his views over time, but this recent shift is quite significant. It is not just BlackRock; I find it concerning that many big players are altering their stance. Additionally, in June, we witnessed numerous major funds expressing interest in launching a Bitcoin ETF. This leads me to question the possibility that these influential entities are changing the narrative with the intention of offloading their own Bitcoin holdings.
Is it plausible that they aim to attract retail investors, selling then driving the price lower and creating a situation where more people are forced to sell? This would allow them to accumulate Bitcoin at cheaper prices before eventually causing its value to rise again.
I can't help but wonder why BlackRock has chosen to make such a public statement now, particularly without any prior rumors. The timing and the lack of information surrounding their decision do not make sense to me.