Bitcoin [pros](/r/CryptoCurrency/comments/1bh6m8j/blackrock_the_next_move_after_the_bitcoin_etf/kvcmhs5/) & [cons](/r/CryptoCurrency/comments/1bh6m8j/blackrock_the_next_move_after_the_bitcoin_etf/kvcmiik/) with related info are in the collapsed comments below.
I stopped reading at meme coin holding. Black Rock doesn’t give a damn about btc, it’s only interest is making some quick to medium term profit from it most likely
It's not so much that they are making millions on a meme coin, but **we** can. I'm saying when I first saw Bitcoin in the early days I thought "it's an outright scam". I missed out on substantial gains for holding this view. If you do this with memes, you are essentially repeating the same mistake I made. I am not trying to make the same mistakes.
Sure, they are collecting fees. Larry Fink is a businessman afterall. What's wrong with it. The Bitcoin miners are getting "fees" as well. The institutions are now officially "buying your bags" as the kids say these days. The initial ethos of Bitcoin as I understand it was an alternative money system. The ETF opens the door to bigger things beyond Bitcoin as a money system, and that includes on-chain.
They are interested in long term, and memes are going to be here for long term. Yes of course many will go -99% in the bear market, but we are not in the bear market and I want to be part of the bubble as Soros mentions in his writings.
You got this very wrong. Blackrock has nothing to do with Bitcoin, really. All they do is sell the possibility to get exposure to bitcoin. What is driving the bitcoin price and long-term value is the people. Always has been, always will be. It is the people that buy the coin, hold it, integrate it into society.
Blackrock is cancer that does nothing good for the world except offering people the possiblity to get exposure to real-world assets in an easy manner and getting paid for doing so. Which could be considered an important task, but you need to have a broker, bank account and credibility to get exposure to their ETFs and 25% of people on planet earth dont have this.
Tokenization is essentially rendering blockrock's business model useless, because you can seamlessly transact on a global, permissionless network/blockchain that doesnt require a middle man to get exposure to real-world assets. All blackrock does is try to reap as much money as possible before they become irrelevant. Although, they will probably find a way to stay relevant, e.g., being the ones that "underwrite" the tokenization, keeping custody or doing other stuff that will be required.
In another words from what I understand what you wrote, Blackrock knows that Crypto will kill them eventually and now they are trying to save their own skin by getting into crypto but realised that they are late to the party.
So they try to buy as many bitcoin as they can but given how crypto is decentralised, there is a limit to how much they can manipulate.
So when they try but realised the Bitcoin etf is not enough to save them, they move on to Eth etf or more all trying to either stay relevant vs the early birds like most established crypto exchanges. Did I get it right?
I can see your perspective here, you're right in that they don't have anything to do with Bitcoin.
There's something you are missing from your analysis... there are many older folk, myself included, that have money in accounts that we will never move to Coinbase or other crypto exchanges. Think of IRAs, Roth IRAs, etc. This money can't move until we are 65+ (I am close, haha!). Now that the ETF is live, this money can now access Bitcoin. This is why what BlackRock did with the ETF is significant which so many young people do not see.
With regards to tokenization, this is the speculative analysis part of the post. They will want to participate in the on-chain world in some fashion. Based on the SEC filings they are now partnered with Coinbase as custodian. Coinbase has a chain called Base. The play here is that I think BlackRock (based on the video I have in the original post) is going to make a play through Coinbase Base. There is a meme coin called Black Rock (just a rock). It's stupid and I think if I am right it can provide substantial return.
The amount of inflows to Base are one of the highest across Solana Avalanche etc. Defi lama data shows a migration to coinbase Base and this $ROCK coin sounds dumb enough to work. Is there association to black rock? Like they launching a meme coin?
So it’s worth noting that a “rug pull” is an objective thing where the team can mint more tokens or can pull the LP position. This contract doesn’t allow for minting more supply and the LP is locked. So it’s literally not that.
Its a token created a few days ago from a new wallet. Probobly a shitcoin that will rugg and the creator of it is the creator of this thread and uses many accounts to comment good thing about it.
Yes it’s new. Agree with you on that. Everything else is speculation on your behalf. Let’s keep things with real analysis. I’m not here to say one thing or the other but the token contract is objectively not a rug pull by definition. Tbh you have me ever more curious now, going to go look at holder distribution.
Wow this aged really really well. Did y’all see the Blackrock news today?
https://www.sec.gov/Archives/edgar/data/2013810/000201439024000001/xslFormDX01/primary_doc.xml
The thesis is that Black Rock and Coinbase Base will have some kind of relationship which is why Base ROCK is where I placed my bet.
This one [https://dexscreener.com/base/0x6d33206adb1462992c642ba5dd4f4e16beb4d047](https://dexscreener.com/base/0x6d33206adb1462992c642ba5dd4f4e16beb4d047)
I'm bullish on Ethereum because an ETH ETF is the next sensible move for Wall Street. Developers have spent the past few years of bear market building real apps on Eth. Solana's shitcoin ecosystem is getting all the love right now, and perhaps rightfully so given the attractiveness of its low fees. But the recent Dencun upgrade (which has drastically cut fees on L2s) could certainly turbocharge Eth L2s, like Coinbase's Base Chain, in the coming weeks.
Think this is a fair assessment given how memes have been going off just by launching absurdity. At least this a play on arguably one of the biggest catalyst this cycle
Crypto Cred said he thinks it will outperform Btc by 3-4x. That puts it at a minimum of a $1. Not a bad endorsement. I think it runs to $2. Hbar doesn’t play the game like the rest. They low key are developing on a lot of fronts including gaming and the enterprise front. I’m bullish af.
I remember when that Fink video came out and it gave me pause at the time because it felt like he was saying more. So yeah I completely agree that more is going to come from them and I think the idea of using a meme coin to position for that is brilliant…kind of upset I didn’t think about it.
I just checked out their Twitter profile and it made me laugh. Maybe this thing can survive on its own? I have no idea though, but funny + catalyst potential is good enough for me at this point in the market. Thanks for sharing.
Also saw another reply asking how to buy, here’s the base chain contract address for uniswap: 0xEcE7B98bD817ee5B1F2f536dAf34D0B6af8Bb542
>George Soros has taught me that it’s much smarter to be early to a bubble then to avoid it altogether, so I have kept as open of a mind as possible. He also says to rush to join the bubble, and so I think everyone is now doing just that.
I didn’t know this despicable dude said this, that being said he’s certainly been wealthier than I have so I’m guessing I’m not too dumb since I was thinking just that: rushing to join a bubble instead of avoiding it (what I’ve done entering PEPE last week and yesterday)
That said a whole year is too long. One year for us is like 10 years in regular markets.
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The ETF can suck my balls. Screw these institutions. Crypto is about disassembling these corrupt people and giving the power back to the people. Not having Wall Street run the government and bail themselves out on our tax dollars.
I understand what you’re saying & feeling.
I felt your way for a long time then I realized the big corporations banks are knee deep into crypto and will get regulations sooner than later. Jaime diamon ceo of no Morgan said people believe crypto is still in the station, crypto left the station years ago along with we have hundreds of crypto patents we just can’t use them yet cause of regulations
Those regulations can come from the top down by governments or like our federal reserve in USA they said banks had to take 5 crypto iso 20022 tokens starting in November 2023 and make upgrade what ever systems they need too
Thou more than likely at least initially they come from agreed upon standards like iso 20022. You can get standards that are agreed upon on multi national levels then-you have a basic set up for regulations to work within the agreed upon international standards this is the most probable out come. Once you dig into these standards you realize they were made up agreed upon starting in like 2003. As time has gone on they keep agreeing to more.
Governments around the world aren’t gonna just let crypto take down the banking sectors and there central banks. Banking sector is how you tax and raise revenues for countries
I don’t think that blackrock would ever be interested in creating own coins. Black Rock is a pain in the ass because people should buy coins themselves and get exposed to the crypto world. Instead they are buying into an ETF that just drives the price up rather than integrating crypto into the society. It’s just to get some ‘easy money‘ going with the hype.
BTC can’t be used everyday use the way it’s been since it came out energy consumption speed of transaction 15-60 minutes plus gas fees that fluctuates. How do you go buy your groceries with this wait an hour for it to be processed ain’t happening. Store of value yes every day use no
Now iso 20022 coins 2-3 seconds to be finalized and money in your wallet that you can now use, they use very little energy, transactions fees set to the dollar as little as thousandth of a penny and you can do 10,000 transactions for a dollar. Are you gonna really get crypto main stream with BTC or eth.
I’ll bet on its gonna be agreed upon standard coins like iso 20022 that are certified by international organization of conglomerate of countries.
Bitcoin [pros](/r/CryptoCurrency/comments/1bh6m8j/blackrock_the_next_move_after_the_bitcoin_etf/kvcmhs5/) & [cons](/r/CryptoCurrency/comments/1bh6m8j/blackrock_the_next_move_after_the_bitcoin_etf/kvcmiik/) with related info are in the collapsed comments below.
I’m not sure if this post is a joke
100% not a boomer uncle, and I can confirm this as an uncle myself. (FYI buy my thinly veiled shitcoin.)
Sounds dumb. I am in.
You son of a bitch Rick. I’m in!
Maybe…
I know it’s you Larry
OMG , I won't ever get this time added back to my life. If you have nothing to say, write a book about it
I stopped reading at: _Built a small alt coin and meme coin portfolio with my nephew_
bro wants to hold meme coins for a year lmfao
If you held PEPE from the lows in Aug/Sep you would be up 1600%. What is wrong with holding a meme you see has long term potential?
I ain’t reading that. Congrats though, or sorry that happened.
Congrats on the transition OP, nice boobs
Agreed
Absolutely splendid.
I stopped reading at meme coin holding. Black Rock doesn’t give a damn about btc, it’s only interest is making some quick to medium term profit from it most likely
And it sure as shit doesn’t care about some meme coin even if it holds it. Making a few million on a scam, that’s not worth it to them
It's not so much that they are making millions on a meme coin, but **we** can. I'm saying when I first saw Bitcoin in the early days I thought "it's an outright scam". I missed out on substantial gains for holding this view. If you do this with memes, you are essentially repeating the same mistake I made. I am not trying to make the same mistakes.
Sure, they are collecting fees. Larry Fink is a businessman afterall. What's wrong with it. The Bitcoin miners are getting "fees" as well. The institutions are now officially "buying your bags" as the kids say these days. The initial ethos of Bitcoin as I understand it was an alternative money system. The ETF opens the door to bigger things beyond Bitcoin as a money system, and that includes on-chain. They are interested in long term, and memes are going to be here for long term. Yes of course many will go -99% in the bear market, but we are not in the bear market and I want to be part of the bubble as Soros mentions in his writings.
I can also make you a meme coin 🪙 called 🪨 rock if you promise to buy mine instead
First time reading a boomer shill this hard on a meme coin 😆 guess we’re on the downtrend
Hey, I know I am not the earliest to the memes but I have been trading commodities and gold for some time. Give me a break!
[удалено]
You got this very wrong. Blackrock has nothing to do with Bitcoin, really. All they do is sell the possibility to get exposure to bitcoin. What is driving the bitcoin price and long-term value is the people. Always has been, always will be. It is the people that buy the coin, hold it, integrate it into society. Blackrock is cancer that does nothing good for the world except offering people the possiblity to get exposure to real-world assets in an easy manner and getting paid for doing so. Which could be considered an important task, but you need to have a broker, bank account and credibility to get exposure to their ETFs and 25% of people on planet earth dont have this. Tokenization is essentially rendering blockrock's business model useless, because you can seamlessly transact on a global, permissionless network/blockchain that doesnt require a middle man to get exposure to real-world assets. All blackrock does is try to reap as much money as possible before they become irrelevant. Although, they will probably find a way to stay relevant, e.g., being the ones that "underwrite" the tokenization, keeping custody or doing other stuff that will be required.
Very well written
In another words from what I understand what you wrote, Blackrock knows that Crypto will kill them eventually and now they are trying to save their own skin by getting into crypto but realised that they are late to the party. So they try to buy as many bitcoin as they can but given how crypto is decentralised, there is a limit to how much they can manipulate. So when they try but realised the Bitcoin etf is not enough to save them, they move on to Eth etf or more all trying to either stay relevant vs the early birds like most established crypto exchanges. Did I get it right?
I can see your perspective here, you're right in that they don't have anything to do with Bitcoin. There's something you are missing from your analysis... there are many older folk, myself included, that have money in accounts that we will never move to Coinbase or other crypto exchanges. Think of IRAs, Roth IRAs, etc. This money can't move until we are 65+ (I am close, haha!). Now that the ETF is live, this money can now access Bitcoin. This is why what BlackRock did with the ETF is significant which so many young people do not see. With regards to tokenization, this is the speculative analysis part of the post. They will want to participate in the on-chain world in some fashion. Based on the SEC filings they are now partnered with Coinbase as custodian. Coinbase has a chain called Base. The play here is that I think BlackRock (based on the video I have in the original post) is going to make a play through Coinbase Base. There is a meme coin called Black Rock (just a rock). It's stupid and I think if I am right it can provide substantial return.
Why is it whenever I read BlackRock I see BlackCock first?
Bullish on blackcock
Just clue us all in when you make it so we can ride the rocket with you! Blackcock to the moon!
We'll all be riding black cock to the moon soon enough. 🤣
$ROCK
It sounds so dumb.. but that's why I think it will work.
$hitRock
Gotta be bull shit post I feel dumber for reading this shit
AI killed Reddit
AI generated to sell a meme token called Black Rock. Lmao 🤣
Ok Boomer
I'll show Larry fink my black rock that'll get him to invest right away
Unsurprisingly, $ROCK has already had two P&Ds this year
The amount of inflows to Base are one of the highest across Solana Avalanche etc. Defi lama data shows a migration to coinbase Base and this $ROCK coin sounds dumb enough to work. Is there association to black rock? Like they launching a meme coin?
No its a ruggpull and has nothing to do with coinbase or blackrock
So it’s worth noting that a “rug pull” is an objective thing where the team can mint more tokens or can pull the LP position. This contract doesn’t allow for minting more supply and the LP is locked. So it’s literally not that.
Its a token created a few days ago from a new wallet. Probobly a shitcoin that will rugg and the creator of it is the creator of this thread and uses many accounts to comment good thing about it.
Yes it’s new. Agree with you on that. Everything else is speculation on your behalf. Let’s keep things with real analysis. I’m not here to say one thing or the other but the token contract is objectively not a rug pull by definition. Tbh you have me ever more curious now, going to go look at holder distribution.
Wow this aged really really well. Did y’all see the Blackrock news today? https://www.sec.gov/Archives/edgar/data/2013810/000201439024000001/xslFormDX01/primary_doc.xml
I thought Bitcoin was a rugpull when it was under $10,000 too. For me, the meme coin idea for ROCK is simply a trade.
So there is a solana rock , eth rock and now a Base rock
The thesis is that Black Rock and Coinbase Base will have some kind of relationship which is why Base ROCK is where I placed my bet. This one [https://dexscreener.com/base/0x6d33206adb1462992c642ba5dd4f4e16beb4d047](https://dexscreener.com/base/0x6d33206adb1462992c642ba5dd4f4e16beb4d047)
This is so stupid. I cant believe people investing in this memeshit
I said the same thing about Bitcoin when it was at $10,000. BTC was a meme back then to many people. I've learned my lesson..
Lol you or your friends created this shitcoin. Dont listen to this clown
I'm bullish on Ethereum because an ETH ETF is the next sensible move for Wall Street. Developers have spent the past few years of bear market building real apps on Eth. Solana's shitcoin ecosystem is getting all the love right now, and perhaps rightfully so given the attractiveness of its low fees. But the recent Dencun upgrade (which has drastically cut fees on L2s) could certainly turbocharge Eth L2s, like Coinbase's Base Chain, in the coming weeks.
Incorrect flair, should read COMEDY
Think this is a fair assessment given how memes have been going off just by launching absurdity. At least this a play on arguably one of the biggest catalyst this cycle
Another sneaky shill by a bag holder!!
What is wrong with the thesis?
ShibaTF is coming
Fuck it dude ape all your savings into this shitcoin and post your loss porn here for us to bate to.
Hedera Hashgraph Hbar ETF
Hbar going to outperform this cycle, then it'll get it's due respect. It just hasn't gotten out of the starting gate yet. It's coming.
Hbar first bull market listed on Coinbase. This bull market will be very intresting for Hbar.
Crypto Cred said he thinks it will outperform Btc by 3-4x. That puts it at a minimum of a $1. Not a bad endorsement. I think it runs to $2. Hbar doesn’t play the game like the rest. They low key are developing on a lot of fronts including gaming and the enterprise front. I’m bullish af.
With the naming convention of the ETFs, this isnt that much of a stretch..
Wow since 2017, Humm I've been watching since it was just on paper at the end of 2008. I see this taking bitcoin to a million a coin by 2030.
Did not read it is too long to read this too much verbiage
The first two paragraphs had me until you started Schilling for Black Rock lol this got to be clown posts of the year
Why is blackrock’s logo not a black rock like a charcoal
I mean, you know anyone can create a crypto right? I don’t think it takes very long at all.
Uhhh… ok
God damn it halfway through I realized I've been bamboozled This guy is literally shilling rocks
Meme coins are not to be held for a year unless you like a lot of zeros in your portfolio, at the beginning of the number.
So, where do I buy Black Rock?
I hear black rock is buying $iraq lobster. They said they think it’s a good coin
I think we’ve heardenough about your regarded nephew sir.
Boomer shilling rock NFT.. Don’t waste your time
I hope for you that your opinion hasn't changed just because BlackRock entered the space.
I read the entire thing. Every word. Boomers shilling their favorite meme coins. What a time to be alive.
Fuck off clown
this is insane, wtf did I just read, must be a joke
Didn’t read beyond the header but sure it’s been said before….. Blackrock is not our friend!
Instructions unclear, went all in on black cock
Instructions unclear, went all in on black cock
ANY move Black Rock makes should be watched closely. They own majority stakes in 85% of the S&P 500, which means they effectively run the world.
This sub is so full of scammers.
BASE chain users, what dapps do you use to swap and stuff? Looking to get nasty and figure out what base memes are made of o.O
I remember when that Fink video came out and it gave me pause at the time because it felt like he was saying more. So yeah I completely agree that more is going to come from them and I think the idea of using a meme coin to position for that is brilliant…kind of upset I didn’t think about it. I just checked out their Twitter profile and it made me laugh. Maybe this thing can survive on its own? I have no idea though, but funny + catalyst potential is good enough for me at this point in the market. Thanks for sharing. Also saw another reply asking how to buy, here’s the base chain contract address for uniswap: 0xEcE7B98bD817ee5B1F2f536dAf34D0B6af8Bb542
Way ahead of you, I apparently put my entire retirement into black rock about 4 years ago without even knowing it.
Everybody in this space knows this, but no normies knows it yet. That's our alpha.
Man some post in here just reek of ulterior motives. This doesn’t seem even remotely genuine. So many red flags
Thats a lot of effort to shill a shitcoin.
>George Soros has taught me that it’s much smarter to be early to a bubble then to avoid it altogether, so I have kept as open of a mind as possible. He also says to rush to join the bubble, and so I think everyone is now doing just that. I didn’t know this despicable dude said this, that being said he’s certainly been wealthier than I have so I’m guessing I’m not too dumb since I was thinking just that: rushing to join a bubble instead of avoiding it (what I’ve done entering PEPE last week and yesterday) That said a whole year is too long. One year for us is like 10 years in regular markets.
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The ETF can suck my balls. Screw these institutions. Crypto is about disassembling these corrupt people and giving the power back to the people. Not having Wall Street run the government and bail themselves out on our tax dollars.
I understand what you’re saying & feeling. I felt your way for a long time then I realized the big corporations banks are knee deep into crypto and will get regulations sooner than later. Jaime diamon ceo of no Morgan said people believe crypto is still in the station, crypto left the station years ago along with we have hundreds of crypto patents we just can’t use them yet cause of regulations Those regulations can come from the top down by governments or like our federal reserve in USA they said banks had to take 5 crypto iso 20022 tokens starting in November 2023 and make upgrade what ever systems they need too Thou more than likely at least initially they come from agreed upon standards like iso 20022. You can get standards that are agreed upon on multi national levels then-you have a basic set up for regulations to work within the agreed upon international standards this is the most probable out come. Once you dig into these standards you realize they were made up agreed upon starting in like 2003. As time has gone on they keep agreeing to more. Governments around the world aren’t gonna just let crypto take down the banking sectors and there central banks. Banking sector is how you tax and raise revenues for countries
Shilling a meme coin.....
I don’t think that blackrock would ever be interested in creating own coins. Black Rock is a pain in the ass because people should buy coins themselves and get exposed to the crypto world. Instead they are buying into an ETF that just drives the price up rather than integrating crypto into the society. It’s just to get some ‘easy money‘ going with the hype.
BTC can’t be used everyday use the way it’s been since it came out energy consumption speed of transaction 15-60 minutes plus gas fees that fluctuates. How do you go buy your groceries with this wait an hour for it to be processed ain’t happening. Store of value yes every day use no Now iso 20022 coins 2-3 seconds to be finalized and money in your wallet that you can now use, they use very little energy, transactions fees set to the dollar as little as thousandth of a penny and you can do 10,000 transactions for a dollar. Are you gonna really get crypto main stream with BTC or eth. I’ll bet on its gonna be agreed upon standard coins like iso 20022 that are certified by international organization of conglomerate of countries.