Blackrock Attacks The World’s LARGEST Bitcoin Holder!
EXPOSING The Behind The Door Deal With The Devil
After speculating about the Blackrock attack on Bitcoin for months, I think we might finally be seeing how this attack will manifest…
Is Blackrock coming for the world's largest Bitcoin holder & their coins?
I think so, and today I’m going to explain why by diving into the:
BlackRock Supply suffocation
Bitcoin ETF race
Gemini mystery
The breaking news of today is that Grayscale’s CEO, Barry Silbert, just stepped down from his position leading the company.
Yes, this comes LITERALLY days before a spot ETF is expected to be approved in the 2nd week of January.
What makes me suspicious of this strange timing?
Grayscale is the largest ACTIVE Bitcoin holder in the world, with 643,572 Bitcoin.
Why would their CEO step down at the very time BlackRock and their billionaire friends are flooding into Bitcoin.
Maybe it has to do with BlackRock…
I know this connection may seem far fetched, but stick with me.
Many people laughed at Bitcoin on December 4th when Blackrock announced they were seeding $100,000 for their upcoming ETF.
The critics announced:
‘‘See, there’s no demand for Bitcoin.’’
However, the times are changing:
📈December 4th: $100,000
📈December 22nd: $3,000,000
📈December 24th: $10,000,000
Irrispective of how much they end up seeding, most people believe BlackRock is going to have to buy a TON of Bitcoin for their ETF.
Just how much Bitcoin will they need exactly for their ETF and how does this relate to Grayscale?
Based upon prior Bitcoin ETF launches, many analysts believe this amount could be between $50-$200B in 2024!
There've been even more bullish estimates, but let's stay grounded for this hypothetical thought experiment.🧠
🚨There's not enough Bitcoin on exchanges to facilitate this demand at today's price of around $40,000.
With 2 million Bitcoin on exchanges, all the coins could be bought with $80 Billion: a far cry from a hypothetical $200B of demand...
So, where are the coins going to come from?👇
ENTER, the CEO of the company who holds the MOST BTC, Barry Silbert.
Grayscale is the largest ACTIVE Bitcoin holder in the world, with 643,572 #Bitcoin in custody.🤯
Considering their controversial situation regarding the Gemini blow up in 2022, many have made some speculations about HOW they will have to pay for their transgressions…👇
I mean think about it for a second, Grayscale just won their lawsuit against the SEC…
So, why would Barry leave now?🤔
Many believe the SEC will be forced to approve their application to convert into an ETF, but were some conditions attached behind closed doors?👇
I have NO idea but I certainly think there’s more to this story.
If you want to learn more, I give my in depth thoughts about the following points below the paywall if you’re gracious enough to subscribe and suppoprt by work:
The Bitcoin spot ETF Multiplier Effect conundrum
My thoughts on BlackRock’s next moves
The signal amongst the noise
If you’re stacking Sats, I understand, and have a little more detail about this toipic in the live stream I made today on my YouTube channel:
https://www.youtube.com/live/KbWT38kscD8?si=F_qJxFMYqZ_qwe8v
Keep reading with a 7-day free trial
Subscribe to Luke Mikic - All Signal No BS to keep reading this post and get 7 days of free access to the full post archives.