BlackRock seeks to make bitcoin trading less expensive: Larry Fink

2023-07-07

The common folks who dont want to do research into cold wallets, addresses, exchanges, setup accounts, link banks, etc etc, will simply opt for these easy-set-forget ETFs for crypto. Will they own tokens? Of course not. That doesnt stop people from buying precious metals ETFs/trusts either.

It simplifies the process. They will be happy to have "crypto exposure" to their portfolio.

How folks view this as bullish for COIN is beyond me.

As if will go to COIN and its excessive fees while they procure millions upon millions worth of BTC. Yeah right. Does MicroStrategy buy thru Coinbase? Of course not. If youre pushing millions of $$$ and need to make money count for investing, you wouldnt go to these massively expensive exchanges. Just like you or I wouldnt go to an ETF for SP500 or Nasdaqw that charges 1% [thanks Bogle!] Blackrock shopping for BTC thru Coinbase is like Joe Biden or Trump shopping at Walmart. It aint happening. $Coinbase Global, Inc.(COIN)$ $BlackRock(BLK)$

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LEESIMON
2023-07-09
LEESIMON
Ok

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That doesnt stop people from buying precious metals ETFs/trusts either.It simplifies the process. They will be happy to have \"crypto exposure\" to their portfolio.How folks view this as bullish for COIN is beyond me.As if will go to COIN and its excessive fees while they procure millions upon millions worth of BTC. Yeah right. Does MicroStrategy buy thru Coinbase? Of course not. If youre pushing millions of $$$ and need to make money count for investing, you wouldnt go to these massively expensive exchanges. Just like you or I wouldnt go to an ETF for SP500 or Nasdaqw that charges 1% [thanks Bogle!] Blackrock shopping for BTC thru Coinbase is like Joe Biden or Trump shopping at Walmart. It aint happening. <a data-mention-id=\"COIN\" class=\"teditor-mention\" data-mention-name=\"Coinbase Global, Inc.\" href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> <a data-mention-id=\"BLK\" class=\"teditor-mention\" data-mention-name=\"BlackRock\" href=\"https://ttm.financial/S/BLK\">$BlackRock(BLK)$</a> </body></html>","htmlText":"<html><head></head><body>The common folks who dont want to do research into cold wallets, addresses, exchanges, setup accounts, link banks, etc etc, will simply opt for these easy-set-forget ETFs for crypto. Will they own tokens? Of course not. That doesnt stop people from buying precious metals ETFs/trusts either.It simplifies the process. They will be happy to have \"crypto exposure\" to their portfolio.How folks view this as bullish for COIN is beyond me.As if will go to COIN and its excessive fees while they procure millions upon millions worth of BTC. Yeah right. Does MicroStrategy buy thru Coinbase? Of course not. If youre pushing millions of $$$ and need to make money count for investing, you wouldnt go to these massively expensive exchanges. Just like you or I wouldnt go to an ETF for SP500 or Nasdaqw that charges 1% [thanks Bogle!] Blackrock shopping for BTC thru Coinbase is like Joe Biden or Trump shopping at Walmart. It aint happening. <a data-mention-id=\"COIN\" class=\"teditor-mention\" data-mention-name=\"Coinbase Global, Inc.\" href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> <a data-mention-id=\"BLK\" class=\"teditor-mention\" data-mention-name=\"BlackRock\" href=\"https://ttm.financial/S/BLK\">$BlackRock(BLK)$</a> </body></html>","text":"The common folks who dont want to do research into cold wallets, addresses, exchanges, setup accounts, link banks, etc etc, will simply opt for these easy-set-forget ETFs for crypto. Will they own tokens? Of course not. That doesnt stop people from buying precious metals ETFs/trusts either. It simplifies the process. They will be happy to have \"crypto exposure\" to their portfolio. How folks view this as bullish for COIN is beyond me. As if will go to COIN and its excessive fees while they procure millions upon millions worth of BTC. Yeah right. Does MicroStrategy buy thru Coinbase? Of course not. If youre pushing millions of $$$ and need to make money count for investing, you wouldnt go to these massively expensive exchanges. Just like you or I wouldnt go to an ETF for SP500 or Nasdaqw that charges 1% [thanks Bogle!] Blackrock shopping for BTC thru Coinbase is like Joe Biden or Trump shopping at Walmart. 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