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The recklessness of these guys is honestly shocking.

Don't take my word for it, here is what Blackrock literally said in the statement: “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets using our...

But isnt this a cause and effect thing? Isn't Blackrock doing this BECAUSE they are seeing institutional demand?

I'll add that the word "momentum" means different things to different investors If you are a short-term trader or day trader it means movement over a short time period (a few days to maybe a week or 2), or even intraday. In a similar vein is "momentum" in TA. This is usually in this short time...

It’s not a big deal the biggest institutions in the world want to buy bitcoin? Why do you that?

Is this your birth certificate from the 1600s?

Eh yes and no. The reason why Blackrock is doing this is because they are seeing demand from big institutions. Some will be hedge funds, who may be short-term, may short crypto, etc but many will be longer-term institutions (think pensions, insurance, etc). These people will buy and hold for a...

Yes it says it’s new and needs regulation!

Because trading on the sell side (market making) is a completely different skill set than trading on your own. Trust me I was a market maker for 15 years. Good sell side traders are good at .... selling, drumming up business (people who want to do trades) and hedging. You don't make money as a...

I mean if you bought freakin Martin Shkreli's crypto its tough to feel bad for ya Also this says nothing about bitcoin and crypto in general

Steve Cohen and Larry Fink are bullish, but @JackMorgan thinks this is fake. Choose your fighter!

I totally agree bitcoins rebound has been disappointing so far in my opinion. However that’s definitely not what Larry Fink was talking about he was talking about more long-term prospects

And I think his comments about the market being relatively thin and small compared to other markets is totally fair. Also his comment that we need to see bitcoin go through more macrocycles such as our current rising interest rate cycle, something that bitcoin has never seen before, is...

Wow that is a pretty amazing video coming from the head of the biggest asset manager on the planet. And I will add one that was very skeptical of bitcoin and had negative things to say about it just a few short years ago. Smart people keep an open mind.

no shit

Breaking: Money laundering is still a crime whether it involves a cryptocurrency or not. Pass it on

Bearish to me for BTC short term that it didn't have more of a reaction to this.

I can see where you are coming from there. A wide distribution is long term great for the network (and makes banning bitcoin politically infeasible)

Some of the things you post here Mr John Arb arent that big of a deal (said with love :)), but this one is a huge deal IMO. Big news. Many institutions want BTC exposure but hold back b/c of accounting, compliance, reporting, regulation, their back office cant handle it, etc. This is a step to...

Learnings programming was likely the best thing I ever did for my career (traditional finance career) Just knowing coding means nothing. But knowing coding with some market knowledge is a huge leg up.