Let me paint you a picture. Imagine the U.S. Treasury announced it was buying up Amazon stock, Swiss francs, and commodities to hold as strategic reserves. Markets would go haywire. Now, replace those assets with Bitcoin, Ethereum, and a handful of other cryptocurrencies. That’s exactly what’s happening. President Trump just…
Category:Crypto Analysis
IS THIS BLACKROCK’S MASTER PLAN FOR BITCOIN?
BlackRock’s spot Bitcoin ETF (IBIT) has been by far the most successful ETF launch in the firm’s history and with ~22.5 bn USD of AUM already is set to surpass the established iShares IAU Gold ETF (~31bn$ AUM) in the near future. However, why does a firm that manages ~10.6…
WHAT COMES NEXT AFTER A #BTC ETF? INVESTMENT BANKS WILL STAMPEDE INTO #CRYPTO STRUCTURED PRODUCTS!
Investment Banks love risk-free (for them) “fee business,” but as of late, their “structuring” divisions have been struggling quite a bit because you can easily get 5% from a Money Market fund. Even if Jamie Dimon has been pretending to hate #Bitcoin, perhaps because he needs to play every side…