A Securities and Exchange Commission filing revealed BlackRock (BLK) received $100,000 from a currently unknown seed investor for a proposed spot bitcoin ETF. Many companies, including Fidelity, Invesco, Grayscale, and others are patiently waiting for SEC approval for a spot bitcoin ETF. Bitcoin (BTC-USD) is up more than 20% for the month as sentiment grows bullish for the cryptocurrency on approval hopes. Yahoo Finance Jared Blikre joins the Live show to break down the latest numbers and developments surrounding BlackRock and bitcoin.
#youtube #crypto #yahoofinance
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49 Comments
Btc is too expensive. Buy xrp and wait. That’s the real play.
🤦 you people don't get it what black rock is trying to say bitcoin us going to 100k ( we got 100k seeds capital) is a code communication. 😂😂😂😂😂 I just hope iam wrong. Because iam shorting the bitcoin with a tight stoploss.🤭🙃 . Kidding i don't have any position yet but mmmmmmmm !!!!!!!!!!!!!
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They are going to buy 2 bitcoin 🤣
Nice video, I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much on Crypto's, but now making around $9000 to $12000 every week trading different on stocks and Cryptocurrencies…
When the talk starts getting this bullish, we are almost near a local top. I think 47k soon then a major correction to the low 30s. I wouldn't buy now at the top. I bought at 16k and will sell at 47k and buy again at 32k.
Err… That sounds like zero funding lol. Dont get me wrong im a huge btc bull, no ship coins
But 100k is like 2 bitcoin. What is this seed funing going to seed exactly
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100,000 is like say “big news! An ant just walked over and elephants foot.”
RBRCONSOLA soft pal real quick 🤑💰
$100k to Black Rock is like .00000000001% of a penny.
100k xd
Blackrock is a criminal organization that needs to be broken up.
Blackrock needs 100k in seed funding???
….JUST HODL….
These people do not know much about BTC at all. Dude on the left in the glasses just said the halving happens every couple of years 🤷🏼🤦🏼♂️
That’s bitcoin 101….every four years there is a halving.
Just talking heads moving their mouths not saying anything useful.
Go listen to Michal Saylor and Matthew Kratter with Bitcoin University, you might learn something.
$100K? Is this a joke?
That’s like half a penny to them
The cycle runs every 4 years, not every couple years bud.
100k🤣 That's peanuts!
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At 1.6 Trillion we are at 44k
Imagine when all of them drop collectively for beginners 17 Trillion which is peanuts for financial investors
That brings BTC to 440 K ..and with the halving coming
I think we are going to see a new kind of hyper jacked moon juice to Mars in 2024
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This is exactly why I'm bullish on gaming altcoins like BEAM on Binance. This ETF news is absolutely massive timing with the halving. 2024-2025 is gonna be stuff of dreams.
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 175K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities
Get ready to retire rich by 2025
The "ETF Application Premium" is typically short-lived, and BTC has benefitted far too much from the spot ETF application. I suspect we'll see a 20-30%+ decline in BTC by mid January.
So they can buy 2 BTC lol
What is 100k to black rock I don’t get it
Not sure if you're new to the market, but 100K is absolutely nothing 👎
100k lol
100K that's peanuts for a company like Black Rock. That won't even buy you 3 Bitcoin!
Wow a whopping 100k
BTC seems like a good block of gold @50k USD..stable.
Adjusted transaction fees depending on region of course.
Idea is stable, Gold like commodity.
That's how you create a base to a new parallel space.
Then tether the BTC to a block chain system with Proof of Stake L1 layer.
Transact in pyUSD, USDC, UDT … whatever L3 coin is agreed on.
TV for sale…1000USD or 500USDC (500USD) value.
Keep in mind today, people don't trade in Gold if Gold is to BTC as trade is to cash transactions if cash is likened to a stable coin.
Now come all the credit companies and lenders..
Patience, then greed.
2 to 3 year play.
I think there are about 3 zeros missing from that $100,000. They are going to "seed" their fund with 2.5 Bitcoin? Something's not right with this story.
BTC is first to the table and has remained at the top this far and crypto markets depend on BTC to rise. BTC is similar to gold but digital. Doesn't mean I rule out buying gold vs. a stock, bond, or Treasury. All things carry risk. If Satoshis wallet ever dumped on the market then it's game over at least for a long while.I hope XRP wins the lawsuit and paves the way for clarity for this space. I don't really choose sides but hedge with many other plays. Can't really compare BTC to XRP as the use cases are different now. I hope they coexist and strengthen the crypto space. I wasn't swayed to believe BTC is inferior. I have always played safe in the market from following the signals and approach of Elora Ashton.
Should have just said dumb money won’t buy bitcoin until it hits its highs! 😂
100k? That's news already?
I just made $300k off a house sale and with 90% probability of bitcoin ETFs approval according to all economic outlets, I’d be damned if I don’t hop on the train before it gets to $50k. However, how do I obtain proper market analysis?
Great catch up here