Blackrock will eventually own all the Bitcoin.
Blackrock buys Bitcoin every day.
Eventually Blackrock will own all the Bitcoins …
One day they will gladly sell you 1 Satoshi for $1 Million USD.
Since the debut of spot Bitcoin ETFs in the USA , BlackRock has acquired an average of 6,266 BTC daily for a cumulative total of 325,752 Bitcoin as of July 03 2024.
BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$10 trillion in assets under management as of December 31, 2023. Headquartered at 50 Hudson Yards in Midtown Manhattan, New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries. BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street, it is considered to be one of the Big Three index fund managers. Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services. As of 2023, BlackRock was ranked 229th on the Fortune 500 list of the largest United States corporations by revenue.
Source: https://en.wikipedia.org/wiki/BlackRock
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The funny thing about crypto is that the more imbalanced a coin becomes the less stable the market becomes. Bitcoin might be the exception; however I suspect that efforts to corner the market will lead to the demise of the group that engages in the effort.
Yes. It will become increasingly difficult to buy up all the Bitcoin as it approaches $1 Million USD