In BlackRock's eyes, Bitcoin is just a commodity. After 16 years of development, it has become a financial product with super strong consensus and high global liquidity.
BlackRock's specific steps are as follows:
Step 1: Production
First, invest in Bitcoin production companies, that is, mining farms. Public data shows that BlackRock's name is on the list of major shareholders of several major mining companies in North America, including MARA, ROIT, CLSK, and BTBT.
Step 2: Sales
Establishing a Bitcoin ETF will achieve self-production and self-sales, and this sales model is definitely a good thing for the entire cryptocurrency industry.
I have been studying the financial reports of these major mining companies and found that they have been hoarding their coins. Now I finally understand that they are waiting for the opening of the ETF sales channel, because this channel,
First, it can stabilize the coin price,
Second, the coin is actually still in BlackRock's own hands, worthy of being the godfather of Wall Street.
Step 3, BlackRock will then extend to the upstream and downstream of the entire industrial chain
Upward: The raw materials of Bitcoin are electricity, energy and mining machines. BlackRock already holds a lot of oil, natural gas and power stations around the world.