BLACKROCK AND MSTR PASSING SATOSHI (BUYING HEAVILY)! COINBASE BUYING THIS SMALL CRYPTO!

My Financial Friend

Introduction

  • Host Sam discusses BlackRock's purchase of Bitcoin and Ethereum
  • Coinbase buys a small cryptocurrency, BMX, which increases in value by 49%

Market News

  • Crypto market falls, with Bitcoin dropping from $100,000 to $94,000 in two days
  • FUD (fear, uncertainty, and doubt) spreads due to Robert Kiyosaki's comments on BlackRock and Bitcoin
  • Kiyosaki claims BlackRock is suppressing Bitcoin's price and predicts it will reach $350,000 in 2025

Regulation and Taxes

  • IRS finalizes rules requiring brokers to report digital asset transactions, including decentralized exchanges, starting in 2027
  • Host Sam discusses potential implications, including increased centralization and regulation

Investment and Funding

  • BlackRock and other entities invest heavily in Bitcoin, with $475 million going into Bitcoin ETFs in one day
  • Fidelity, Ark Invest, and Bitwise also invest in Bitcoin, while GrayScale experiences an outflow
  • BlackRock's global allocation fund adds $17 million to its Bitcoin holdings

Coinbase and BMX

  • Coinbase buys BMX, a small cryptocurrency, for $1.56 million, causing its value to increase by 49%
  • Host Sam finds it interesting that large companies like BlackRock and Coinbase are investing in small cryptocurrencies and real-world assets

Conclusion

  • Host Sam discusses the potential for increased centralization and regulation in the crypto market
  • He invites viewers to share their interest in a beginner's guide to crypto and offers a link to trade with leverage on Blowfin.