BITCOIN – BLACKROCK JUST TOLD US EVERYTHING! #Finance

how’s it going everyone it’s Sam Black Rock has just told us everything we need to know about Bitcoin and about these elections I think a lot of people are missing the forest from the trees and I want to give some clarity as to what’s happening right now if you don’t

mind hit subscribe so you can see future CashNews.cos like this hit the like button let me know your thoughts on what I’m about to go over down below in the comment section also if you want to trade text-decoration: none;">Crypto I opened up a trade yesterday it’s up 80% if you want to trade as well you know maybe you want to short it maybe you want to long it maybe you want to have something set up so that you can hedge yourself depending on how the election goes there’s a

link to Marx underneath the CashNews.co you can get started in just a few seconds I think it’s important to have multiple places to trade during this bull run because a lot of the time coinbase goes down other exchanges go down so you want to have multiple places to be able to access your

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto so there’s a link underneath the CashNews.co now a lot of people are paying attention to the election today I think so many people especially in

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto think that obviously if Trump wins he’s much more Pro Bitcoin bitcoin’s going to do well uh maybe a strategic stockpile all that kind of stuff but remember who holds a lot of the power right now in the

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto Market is it Biden no is it Kamala no is it Trump no it’s Black Rock Black Rock has been the massive buyer recently and a lot of people are missing what they’re doing right now

what they’re saying about the election um just before we get into that you can see a bit of of a jump today from yesterday with Bitcoin going up from 66,500 yesterday all the way up to 7,400 today Tesla stock is also up a lot too which is pretty telling of what the market thinks a lot of

people think that if kamla Harris becomes president they’re going to go after Trump uh and they’re obviously going to go after Elon as well for backing Trump so aggressively and yet Tesla’s up right now so it might be a good sign for Trump I’m not sure uh exactly but as you

can see Bitcoin dominance going up too so many people nervous stressed out about this and as I’ve said I think no matter what bitcoin’s going to do well whether KLA Harris becomes president whether Trump becomes president and a lot of that comes down to this this happened over two years

ago Black Rock launched spot Bitcoin private trust for us clients basically they launched a spot Bitcoin private trust for large clients that want to get access to Bitcoin now they could have done this for a couple reasons one maybe they knew that this would be a massive Revenue

driver for them maybe they’re very bullish on bitcoin maybe they knew that FTX was going to blow up you can see this was the perfect time to launch right some people might say well they launched when Bitcoin was 25,000 then went down to 16,000 keep in mind they launched within months of FTX

collapsing like if you look at the perfect 6 months to buy in at a great price for Bitcoin it’s this time right here it’s while the Market’s falling down you can talk to your clients about why Bitcoin is a great asset you can buy during the worst part of the dip you can start to

see returns and then get more clients in there more significant dips that you can get clients in uh in even heavier positions this is literally the best one-year period you could have bought in this bare market and black rock was nailing the bottom right here they might be a reason why we saw the

market start to tick up they were buying lots of Bitcoin and then in 2023 they started talking about launching a spot Bitcoin ETF this is after they got their clients billion well hundreds of millions if not billions of dollars worth of bitcoin and then bitcoin’s price shot up leading up to

the ETF approval and then shot up even more so you’re betting against Black Rock right now who is in at the perfect time during the bare Market caused the bull market and look right they’re not worried about the election at least that’s what it looks like here of course their

clients are the ones buying but they’re forcing behaviors with their clients you can see starting from 3 weeks ago $80 million 300 million 400 million 300 70 330 40 320 170 292 315 642 872 milon 320 million then last Friday a zero day then uh yesterday they had an inflow of something like $40

million they have still had massive inflows for the last couple months or for the last month I’d say they’ve had very very significant inflows do you think they’d be doing this if they were worried about the election if they thought that this is really going to change the outcome

from uh Bitcoin going to multi6 figures possibly to maybe this is the high for the bull market no no they don’t they do not think that this is the high for the bull market they would not be pushing clients to buy in so much ahead of the elections if they thought this was going to

significantly negatively impact the market they’ve gotten a$ 26 billion doll position that we know of and even more than this if you C count the derivatives or um maybe micro strategy positions that kind of stuff Bitcoin miners all the I’d say also they they put in a lot of time which

is worth a lot and they put in a lot of air time right how many times has Larry fin gone on and talked about Bitcoin it seems like almost every time that he goes on CNBC he talks about Bitcoin uh that is worth something that’s a cost to the company they could be talking about some other asset

they are still extremely bullish on Bitcoin in my opinion and keep in mind this is this is different than a lot of people understand too because they yes they have 26 billion right 26 billion 27 billion in Bitcoin but they still have so much that’s outside of Bitcoin they recently had

published that they had 11.5 trillion in AUM now how big is ibit uh it says here net Assets 23 billion over here it says 26 billion let’s call it let’s call it 26 billion that means that they have about 22% of their AUM in Bitcoin I guarantee you this is the fastest

growth that they’ve seen at the company I think they have more upside in Bitcoin than a lot of other Investments as well and they could push this thing to whatever price they want right yes they’ve had a great launch so far this is with them just telling their clients

that they might want to invest in it this is with the clients naturally coming to them this is not them forcing the behavior which is something they’ve talked about um this is not them forcing the behavior as in forcing their clients to buy Bitcoin this is them forcing the behavior like hey

we think you should do this and then maybe on negative days they have some kind of buyer that comes in and buys up any kind of negative outflow um but this is just like stage one this is just stage one this is not them forcing us to the next all-time high where they start buying billions of dollars

Within other Portfolios they can force buy Bitcoin they can force people to buy Bitcoin by adding it to more Portfolios and adding more aggressively they’ve done this a couple times just with a few million dollars here there I think they bought in four

different Portfolios now where they added Bitcoin to like the global allocation uh fund or Global strategic allocation fund but they bought very small amounts they could go out today and buy 10 billion doar of Bitcoin if they wanted to they could force their

Portfolios to do that but this is a longer process than just a one-day process and they want to Stack up more Bitcoin in my opinion before the next big move but they can only buy so much right they’ve been buying billions and billions of dollars they’ve been doing this

through OTC desks which allows them to not impact the market as much but eventually it runs out right enough people see the way that the Bitcoin Market’s going enough people see that companies are buying or countries are buying or pensions are buying and they don’t want to sell quite as

much so the OTC desks dry up the buyers have to pay higher prices Black Rock decides okay now we’re going to push Bitcoin to where we want it to be we’re going to push uh even harder because Larry fin could get on CNBC every week or two if he wanted to I’m sure but his uh

appearances have actually gone slower I think throughout the year as bitcoin’s trended sideways it’s probably because they want to take advantage of the price action get more wealthy individuals in on it again I think this setup is almost Picture Perfect right we have politicians

talking about literally buying Bitcoin with government funds we have pensions buying we have companies buying we have Liquidity moving up we have lower Interest Rates of course things can happen in the short term that cause the market to get fearful but this seems

nearly perfect in my opin so yeah this was the Strategic plan of Black Rock right cause fear cause uncertainty if need be because honestly they do control media they do control a lot of media so they can you know create narratives they can make sure that their clients Buy in a significant amount

they have had by far the best launch of all the ETFs so they’ve gotten significant Investments into their ibit ETF and then they can actually go and throw some gasoline on

the fire and actually start buying it with their own AUM which they haven’t done a ton of yet let me know your thoughts on this underneath the CashNews.co thank you so much for watching I really do appreciate it if you want to trade you can check out the link down below to Marx there are

links to other exchanges too if you want to try something else and yeah it’s going to be an interesting day you can see if we really don’t go back below the $67,000 Mark we just set a higher low which is pretty bullish if we break to new alltime highs that would be five higher lows and

five higher highs pretty awesome let me know your thoughts though thank you so much I appreciate it I’ll see you all in the next one