Author Topic: Did Blackrock cause the latest spike in the price of Bitcoin?  (Read 86 times)

Offline Talk Merit

Blackrock is the largest manager of investment funds, and they are responsible for Trillions of dollars. They have announced that they are looking at creating an ETF for Bitcoin. One wonders why they would announce the interest, rather than announcing the creation of the fund. This sort of thing is typical of a 'pump and dump' operation, and I think the next few weeks will be interesting. If it is a pump and dump, then that could cause another major drop in the price of Bitcoin, and that would create a great buying opportunity for institutional investors looking to increase their holdings in Bitcoin.