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Replying to nicodemus

My dude… I approve of your passion but you’ve got to get your facts straight.

Blackrock didn’t buy or sell *shit*.

They just collected a fuck-ton of fees from (most likely) boomers and degens selling corn and buying garbage.

Blackrock is a parasite on bitcoin and shitcoins. They’re feeding off of peoples retirement accounts.

And they’re in a win-win position.

When the time comes for them to position their reserves into bitcoin, they’ll be first in line to get the lowest prices. On this front, it’s game-set-match.

Our only hope now is that they don’t figure this out until 2 more halving from now - when they’ll have to pry it out of the hands of plebs at stratospheric fiat prices. Where the best they can hope for is a few thousand coins.

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nicodemus 7mo ago

For clarity, of course they’re settling OTHER PEOPLE’S trades by buying/selling. But they aren’t actually owning anything. They’re just custodians and brokers.

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Jason the Original 7mo ago

Funny how people don't understand this.

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