Blackrock, with assets under management around $10T, has the potential to buy all bitcoins available on exchanges (45B) if only 0.45% of its managed money moves into BTC. This highlights the potential for Bitcoin to reach a million dollars per coin, but also raises concerns.
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Disclaimer
Everything expressed here is my opinion and not official investment advice โ please do your own research before risking your own money. Lark Davis (The Crypto Lark) is not providing you individually tailored investment advice. Nor is The Crypto Lark registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. The Crypto Lark is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
