World’s Largest Investment Company: ‘Interesting’ Bitcoin Is Under ‘Close Review’
From Cointelegraph
Isabelle Mateos Y Lago, chief multi-asset strategist at BlackRock, an investment management corporation with $5.7 trln in assets under management, has said that the company is keeping cryptocurrency under “close review” as an “interesting development.”Read more: https://cointelegraph.com/news/worlds-largest-investment-company-interesting-bitcoin-is-under-close-reviewSpeaking to Bloomberg TV Monday, Jan. 29, the senior executive said that although cryptocurrency did not constitute “an investable asset” for the world’s largest money manager at present, it was actively tracking progress as it is “clearly evolving very fast.”
The comments temper those of BlackRock CEO Larry Fink, who last week went on record at the World Economic Forum 2018 to describe the space as an “index of money laundering” and previously implied he had no plans to enter the future Bitcoin ETF arena.
As the dust settles on Japanese exchange Coincheck’s $530mln hack, Mateos Y Lago nevertheless saw little reason to discard cryptocurrency investment entirely.
“The fact that interest has persisted despite these repeated hacks,” she continued, describing customer demand for Bitcoin at BlackRock, “despite regulators waking up and trying to catch up with this new development and gradually weeding out all the illegal uses suggests there really is something to it.”
My bet is that if they have chosen or do choose to buy up crypto we won't hear about it until afterwards. Which makes me think they have probably already evaluated and bought since we are now starting to hear about them thinking of entering the market.
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Yes, that’s what the big companies do.
They quietly buy without anyone knowing and when they have anough they spread the word. That’s what the institutions do when they are buying stocks as well.
Interesting post!
that's right @milano1113!
may be you and your peers put out bad articles after bad articles to bring the price down so you can get in at a discount off of ATHs. once you have your position, you start changing your tone, your message, and sides... show me the incentives and I ll show the outcome.
Yes, it all makes completely sense. I mean, I’m not the guy who does it, if I did I would probably go to jail, we litle guys can’t do things big institutions normally do. But you have a great point. That’s how they get in at the lowest possible price.
this is simply amazing . Many of my relatives still dont believe in crypto currency they say it is not accepted etc etc. but if they use crypto currency it will be a major break through. And I will be able to convince a lot of other people to use steemit. Thanks for sharing @contentjunkie its very great news
nice to hear, especially the final words (... there really is something to it).
i also think they already bought their way into it, otherwise, there woudn't be words like that...
i also think they already bought their way into it, otherwise, there woudn't be words like that...
if the really big players in fiat (like blackrock) start to take the disruptive power of crypto seriously, there should be interesting times ahead...
very nice article as usual.
Good pots....thank you..!!!
I have gone into the close review phase myself :-)
You have my follow.Please check my thoughts on a crypto currency economy.
@weddingdresses
Hi @contentjunkie ! Great post, i like it, i just upvoted it ! @wildvest
All of this good cop, bad cop re: bitcoin is a comedy show:)
8.01% @pushup from @contentjunkie