Many people know that the biggest driver of this Bitcoin bull market is BlackRock, including that the largest shareholder of MSTR is also BlackRock and Vanguard. However, have we ever thought about why BlackRock manages ten trillion dollars in assets while Vanguard manages seven trillion? Logically, if they casually invested a hundred billion in Bitcoin, the price could rise above 200,000. But why don’t they dare? Instead, they use MSTR as a firewall, indirectly borrowing two to three hundred billion to buy Bitcoin? This indicates that they do not have full confidence in Bitcoin's future, or they see some risks that we do not understand. A hundred billion is indeed a small amount of money for two companies with twenty trillion in assets. Have we thought this through? Bitcoin reaching 200,000 is not a certainty.

#圣诞行情分析

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