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Replying to Avatar Lau

What if Blackrock has been buying #bitcoin every day for a year now, what if they bought 1.5x the daily supply every day for a year. That would've cost them about $2B and gotten them 492,750BTC. This being the safest way to grow a stack without jacking up the price. At some point it might make sense to jack up the price so no other players are able to afford a similar sizable amount. It would take another $10B to buy 20,000BTC at an average price of $0.5M each to bring the Bitcoin price to $1M, making the total stack worth $512B. Nice ROI to explain the strategy with for those on the board that didn't understand.

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Mutiny Brewing 2y ago

There's probably an inner circle to BlackRock that have been doing that, leaving just enough profit for BlackRock to suck in investors.

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