We need to talk about Blackrock

Every day, multiple times per day, I see posts and comments from apparently clueless people talking about Blackrock.

"Blackrock is manipulating the price."

"Blackrock is shorting to drive the price down to make you panic sell so they can buy it cheap."

That's not how it works.

Blackrock offers an ETF to their customers. They make money by charging a fee to the ETF customers.

They are not a whale swing trading to try to drive price movement. If anything, I would argue it is in their interest to see the price of Bitcoin go up, because that would drive more people to buy and hold their ETF.

So, please STFU with your Blackrock Bitcoin tinfoil hat nonsense.

Thank you for coming to my Ted Talk.