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.