Many individuals fail to comprehend that the #Bitcoin Spot ETF, which BlackRock applied for, requires actual Bitcoin as collateral for their Spot ETF. 😮
They might have already obtained their Bitcoin a few months ago at lower prices, or they could be deliberately pushing prices down now to establish a more advantageous entry opportunity for themselves. 📉💰
I lean towards the latter scenario as BlackRock profits from performance fees. 😏
Don't be deceived; Wall Street is making its way to Bitcoin! 🏦🚀