Major Investment Advisory companies BlackRock and Vanguard now have exposure to Bitcoin!
Ok, I admit, that title is a bit click-baity...
BlackRock and Vanguard do in fact now have bitcoin exposure but it's not quite in the way that you might first think.
You see, both BlackRock and Vanguard are two of the largest shareholders of Microstrategy's stock.
And MSTR now holds 38,250 BTC...
Which means, both BlackRock and Vanguard now have exposure to bitcoin whether they wanted to or not!
Based on their stock holdings of MSTR, here is their current BTC exposure:
(Source: https://research.arcane.no/news/the-norwegian-oil-fund-now-owns-almost-600-bitcoins)
But wait, there's more...
Not only do two of the largest investment advisory companies have exposure to bitcoin, there is a sovereign wealth fund that also has exposure to bitcoin.
If you look at that chart above, you can see that name at the bottom, the Norwegian Government Pension Fund...
That is the largest sovereign wealth fund in the world and they also now have exposure to bitcoin whether they wanted it or not.
The interesting thing from here will be who decides to sell MSTR stock and who decides to buy it.
It may be a way funds can gain exposure to bitcoin without going through some of the regulatory (or self imposed) hurdles that may exist for them.
I suspect we are going to see a shake up of MSTR holders by the next quarterly filings...
Stay informed my friends.
-Doc
Posted Using LeoFinance
Guau black rock one of the most important portafolio managers in the world expose to btc, guau this is a great news that we need to the world of investment should know,
In the past black rock compite with Deutshche bank as a mayor portafolio manager, right now the world bank in their Ramp program do a little of invest the money of others, well sr, we are in the crypto world hope one day get enough for not have problem with the money.
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Yes they are on the list of who's who when it comes to portfolio managers, as is Vanguard. It will be interesting to see whether they keep their holdings after the bitcoin acquisitions by MSTR.
Exactly this is an indirect form of investing in btc but they are exposure to a hight volatility in their portafolio, imagine what happens if BTC down to $1000, black rock support a little part of this losses, but the time say what will happens right know this is our exposure.
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The best thing we could hope for is for bitcoin to keep trending higher and higher and MSTR look like a genius for buying it. That will cause others to jump in and follow suit as well, continuing to push the price higher and higher and pulling even more people in. Sort of like the snowball effect.
And the altcoin too grow yo, this should be great that happens well right now we are here.
Yes HIVE has had some trouble attracting investors. Hopefully we can make some changes that help bring more money into the ecosystem in the near future.
Screw bringing in investors, we need more casual users. Making a healthy social platform should be the first priority.
Long term value comes from utility, if there are more users than the value of Hive will naturally go up on its own. If we bring in enough users than people will start to do more exchanges entirely with Hive and the value of Hive will become independent of other (crypto)currencies.
Having too many big investors will doom Hive to failure as it'll create an unsustainable wealth gap. If any one person has, or very small group of people have, enough Hive to completely tank the value by cashing out than the cryptocurrency has failed.
This is an interesting development. If these investors decide to divest from this Bitcoin custodian it may cause a dip or buying opportunity. If they don't its an indirect signal to the finance world that this Bitcoin thing is okay. I would love to see Fidelity, with it's trillions of dollars of holdings open a Bitcoin fund or add Bitcoin to one of its sector funds, then watch what happens.
They may. I've seen quite a few things recently about Fidelity furthering their involvement with crypto.
I'm not even that suprised with this announcement because it has always been bound to happen. Bitcoin is getting the publicity daily and these people wouldn't want to miss out. This is why I keep getting mad at people who only hold btc just for sale. I hope we don't lose it all to these companies.
I try to keep increasing my sats though. I buy with a portion of my salary on Changenow. Kinda easy for me because I do it with my card. I can't snooze and let these companies have it all
Well if they want to sell at $15k or $20k let them. They will be like the people who sold at $500 and $1k on the way up.
The world is really evolve out of the regular into something else....
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The times they are a changin...
And what happens when Bitcoin moons x20 and takes MicroStrategy's stock up with it? Everyone starts changing their tune and looks at Bitcoin in an entirely new light.
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Yep, but it probably won't even have to do that... if it just keeps drifting higher and others feel like they are missing out by not getting some exposure.
The level of FOMO that gets triggered by this next bull run will be the real all-time-highs.
I already feel bad for the people who buy in at the next peak.
I've been predicting for years we'll get a real ETF just in time for the market to crash into the dirt.
Just like CME futures got their just in time to fleece everyone.
Yep, I am sure they were also pumping the market in order to get their shorts started as high as possible once they launched.
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