BR #12: You can't kill it? Try to control it!
Jun 25, 2023(3 minutes)
Everyone dismisses bitcoin....until they study it, they change their mind, and they act!
This is true for your friends, neighbours, governments, and also for the world's largest asset managers.
In 2017, all banks, asset managers and financial elites made fund of bitcoin.
In 2020, Michael Saylor, the visionary founder of MicroStrategy, converted his company's USD savings into bitcoin.
In 2021, El Salvador became the first country to adopt bitcoin as its official currency.
In 2022, Bitcoin almost died (that's what they said on TV :)))))
And here we are in June, 2023, with Blackrock, the world's largest asset manager, launching a campaign to conquer a part of the Bitcoin pie.
Blackrock manages $10 trillion in assets and is extremely interconnected with the US government and central bank.
As you know from one of my previous email, the US central bank runs the global casino (which we call the economy). And Blackrock is owned by the same people who manage the US central bank...
They want to continue running the global casino and they realize bitcoin is a threat to their power.
They know they cannot stop bitcoin.
They cannot fight it heads on.
So the only thing they can do is to fight it in a new way.
They will do this by launching a Bitcoin ETF (a fund), which will make it extremely easy for both institutional and retail stock investors to also invest in Bitcoin.
Why is Blackrock doing this now?
- They know bitcoin's price is programmed to grow a lot in 2024/5, just like it did in 2016/7, and 2020/1. This time they want to benefit from the price jump.
- They want to replace large crypto exchanges (Coinbase, Binance, etc.) and want to become the go-to place for buying/selling bitcoin for the uneducated masses and old-school institutions.
- They want to take control of as many bitcoins as possible. This could then allow them to control bitcoin's price via the same market manipulation and financial engineering techniques they have been using to control the price of gold for the past 10 years.
Why is Blackrock's ETF good for bitcoin?
- It will open the door for trillions of dollars to easily go into bitcoin. The ETF will likely launch early 2024, just months before bitcoin's halving.
- So in 2024, the halving will decrease the available supply of bitcoins. And at the same time, the demand for bitcoins will grow a lot due to the launch of Blackrock's bitcoin ETF.
- These two factors can create a way stronger bull market than most people expect.
Here is how events could evolve:
- Blackrock opens the doors for everyone to invest USD in Blackrock's bitcoin ETF.
- When you invest in the ETF, Blackrock buys real physical bitcoins.
- But you cannot withdraw those bitcoins to your personal bitcoin wallet.
- Only Blackrock has full control of the bitcoins.
- Importantly, Blackrock can lend the coins out to other wall street firms.
- So investors will think Blackrock keeps their bitcoins, when instead they don't have coins. They lend it out to their financial engineering friends.
- The more coins Blackrock and their wall street friends control, the more they can control bitcoin's price in the future.
- I believe Blackrock would like to see bitcoin's price grow a lot. I would not be surprised to see bitcoin at $200k or more by 2025.
- The higher the price goes, the more people will invest in the Bitcoin ETF, the more coins will Blackrock control.
- At some point, Blackrock will lend the accumulated coins to their friends.
- They then start shorting (selling) bitcoins on the market, thus triggering a price drop.
- Newbie investors freak out and sell in panic, while the big sharks take the coins and further increase their bitcoin stack.
- If Blackrock ends up controling 1-2-3 million coins, they could then use those coins to try to manipulate bitcoin's price and screw small investors (like they have been doing in the global market casino).
To sum up:
- The BIG MONEY isn't sleeping on Bitcoin. They know they can't kill it, so they will try to control it.
- This will likely trigger a very strong bull run (I hope you are accumulating now before they open the floodgates!)
It is becomes ever more crucial that more people deeply understand bitcoin. We need to do our best to decrease the amount of people who invest in Blackrock's ETF. Instead, they should buy physical bitcoin, withdraw it to their personal wallets, and learn how to retain control over it.
Doing so will make you truly financially sovereign and it will also help bitcoin's price grow higher faster. The more coins we all hold ourselves, the less coins there are on the market, the higher the price goes, and the less the wall street crowd can manipulate the market.
To help this process, I will be launching a BitcoinReady.Me educational track, teaching deep bitcoin understanding, bitcoin self-custody, and inheritance planning. I will share more on this soon.
Money is changing forever.
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