BlackRock, start casting spells, attracting money!

Today I saw a group of data, the Bitcoin ETF issued by BlackRock has been receiving funds flowing in, what is re-buying?

Ordinary investors?

What a joke! Musk in the asset management world, Buffett in the investment circle, and Trump in the industry, only have this much appeal?

Yes, congratulations, you got it right, it is various small funds.

Why do they buy?

1. There is money, but no good targets. Need I say more about the current global situation? Traditional finance is almost over, how to spend the money? Need I say more!

2. Big Brother takes the lead. To some extent, institutions of BlackRock's size can influence the decisions of many small institutions. If the big guys rush in, why don't the little brothers rush in?

3. Supervision is coming. There are also takers among institutions, and no one wants to miss this opportunity. A few brave ones buy first. Otherwise, when supervision comes, there will be nothing for you and me.

How powerful is old money?

Just look at the inflow and outflow of ETFs of traditional institutions and cryptocurrency institutions, and you will understand. Where are those people who boasted that they could overthrow traditional financial institutions?

I don’t know whether the entry of old money is bad or good for you, but for us who hoard coins, it is 100% good. The cost of institutions is much higher than ours.

It is warm and comfortable to have old institutions to carry our sedan chairs. Mom no longer has to worry about me losing money...

Institutions entering the market are definitely not just bringing money, but for political purposes. What does it mean? In other words, our cryptocurrency circle has a backer, so the risk of industry collapse can come to an end for the time being.

Don’t tell me anything about how decentralization is powerful. Take down all the servers (mining machines), or arrest the programmers who maintain the Bitcoin network... What can you do?

Please, don’t be stupid!