it has been an absolute pleasure front running blackrock with you all - stay humble and stack sats 🫡

Replies (32)

Geist's avatar
Geist 2 years ago
It'll be interesting, either they will cause bitcoin to moon, or they will fractionally sell bitcoin subsidizing our stacking and destroy themselves.
I have been going back and forth on this. On one hand they are definitely going to issue paper coins but on the other, the hard supply cap and tx visibility could allow other hedge funds to wreck them if they issue more paper than tangible assets
Default avatar
JRA 2 years ago
Fuck black rock
Overall it’s net positive. When the largest asset manager in the world enters the fray it is no longer a “maybe” situation. Every financial institution in the world has to take this seriously now. Yes people will “touch the stove” and learn hard lessons, but that’s all part of the journey. Some learn sooner than others.