This is So Interesting! 🔥 Why #BlackRock Applied For #ETF in Dumped Market & On This Time 🤷
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🔰Possible Reasons?
*⏺️ #Bitcoin_Halving is 312 days away 🔥
*⏹️ Less supply more demand is bound to push price.🔥
*⏺️ SEC & CFTC both agree that Bitcoin is a commodity.🔥
*⏹️ US equities have only given 11.9% return since 2014.🔥
* ⏺️Demand from their clients to launch a Bitcoin ETF.🔥
*⏹️ BlackRock want to maintain their leadership position.🔥
*⏺️ BlackRock will be direct threat to crypto exchanges. HNIs will prefer buying an ETF than Buying it through exchange.🔥
*⏹️Crackdown on Binance and Coinbase is forcing the users to find options outside USA. BlackRock want to tap on this opportunity. 🔥
*⏺️This could be a move by the US government to control BTC price by creating "paper bitcoin" like the way they have controlled gold price by creating " paper gold".🔥
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