저자: MarcelloPaz · 외국인
요약 보기
래리 핑크가 연례서한에서 비트코인이 달러를 대체할 수 있다고 언급했다는 뉴스를 전하며, 미국 부채 확대와 IBIT ETF 자금 유입을 근거로 비트코인 장기 상승을 주장. 다만 단기적으로는 추가 하락 가능성을 인정하고 계속 매수 중이라고 밝힘.
다듬은 글
For those of you who don't know, the CEO of BlackRock, Larry Fink, if I'm not mistaken, is a guy who has recently been speaking very highly of Bitcoin, recommending that his clients acquire and own Bitcoin, and obviously BlackRock, let's remember, is the largest asset manager in the world. And she has a direct interest in her clients investing in the investment funds they have, because they earn a percentage commission from the management fees of those funds.
Having made that disclaimer, let's get to the news, which is as follows: The current CEO of BlackRock, Larry Fink, is saying that Bitcoin could replace the dollar, according to him. He also proudly showed off the IBIT ETF, as I mentioned here, right? This guy here is a market guy, he 's a veteran, he's obviously the CEO of the largest fund manager in the world.
Well, these guys know a lot of things we don't, but they have an indirect or direct interest, right, in more people investing in Bitcoin, regardless of whether Bitcoin goes up or down. Many people mistakenly say that BlackRock bought thousands of Bitcoins, that BlackRock is buying Bitcoin. No, BlackRock is n't buying Bitcoin, it is buying it, but not because it's investing in Bitcoin.
It's taking its clients' money and buying Bitcoin for them and putting it in a fund that they are managing, and they're earning a management fee of something like 0.25 percent per year on all that money. So, if today in the BlackRock ETF we have, uh, 49 billion dollars, of those 49 billion dollars that are there, they are receiving a management fee of 0.25% per year, oh, that's right, it's 0.25% per year of that amount.
So, their goal is that the more Bitcoin, the more money customers put in, the more money they earn. So, uh, again, this is a disclaimer because many people talk as if BlackRock were investing heavily, believing in the appreciation of Bitcoin, right? And that's not what's happening. They are there, obviously, because there are vested interests underneath.
But still, this kind of statement from a guy like him is very important, it makes a big difference in the market, right? Well, he's saying the following, ah, in an annual letter, actually, where did he talk about this Bitcoin issue? It was in an annual letter sent to customers on Monday. So, he's talking about that letter that the manager writes, which obviously influences the decisions of their investors, right, their investment clients, right?
Well, he highlighted ETFs here, especially the IBIT ETF, because, as you saw here, at least 50 billion dollars have been invested there, in updated values, right? Well, that's 50 billion dollars invested in ETFs. It's a resounding success, isn't it? One of the most successful ETFs in history, if not the most successful, it 's certainly not the most successful, but I think it's among the most successful in history, right?
Ah, at this point in the news report , BlackRock had 575,000 Bitcoins, or 279 billion reais, through the fund, right? According to IMF data, the debt, and so, ah, where does Larry Fink's information come from , right? According to IMF data, the United States' public debt is equivalent to 123% of GDP, or 30 trillion dollars.
This figure worries members of the government, such as Jerome Powell himself, but it also fuels the, uh, the, the Bitcoin bull market, right, like Arthur Hayes here. Joining this group is Larry Fink, CEO of BlackRock, who cites that debt has grown at a rate three times greater than GDP since 1989, and points to interest payments exceeding $952 billion, surpassing defense spending.
In other words, the United States is in debt, but how did they get into debt? They issue debt to be able to pay the government's bills, which, uh, spends more than it collects, and so they need money, they pay an interest rate to the market to borrow money. The United States today owes 32 trillion dollars, according to this figure, 30 trillion dollars, according to this figure.
And just with debt interest, the interest payments will exceed 952 billion. Just look. The American defense spending budget, I imagine it's around this amount per year, is 952 billion, which is already an absurdly large sum, right? That's what's spent, what's spent on, ah, militarism in the United States.
And just the interest on the debt will already exceed this amount here, right? In other words, it's money that's theoretically completely thrown away, right? You're paying interest here. And the United States has benefited from the dollar serving as the world's reserve currency for decades. That's only possible, right?
The United States having such a large debt is only because it's used as a store of value by the world, isn't it? But this is not guaranteed forever. By 2030, mandatory government debt servicing will consume all federal revenue, creating a permanent deficit. So, according to him here, ah, the situation is getting, it could reach a point where it becomes irreversible, right, that, ah, the debt, the mandatory government spending is so large that it will consume all of what is collected, right?
If the United States fails to control its debt and deficits continue to rise, the country risks losing this position to digital assets like Bitcoin. And that's where his bet comes in . If the United States really does lose that hegemony over the dollar because of the gigantic debt that keeps growing and may never be resolved, right?
Ah, Bitcoin could be a solution that could be used, and perhaps the American government itself is understanding this, right? Through Trump's team, Bitcoin can be a way to, uh, to, uh, provide backing for, for, for the United States, right, and benefit from it, right? Well, he had already stated at the end of the year that Bitcoin would reach $700,000 per unit, right?
On the same occasion, he pointed out that sovereign wealth funds should have minimal exposure. And this is what I'm asking for too, right? Uh, ah, I don't believe in Bitcoin, I think Bitcoin is, is, is, is, is a bubble. You can find whatever you want, but when in doubt, keep at least a small percentage there, because that small percentage can make a huge difference in your portfolio, right?
If it falls too much, the difference will be small; you will have lost very little. Now, if it goes up significantly, as is likely to happen, then you'll see a great benefit in your portfolio, right? Uh, the BlackRock Bitcoin ETF, and they talked more about it here, right? BlackRock's US Bitcoin ETF was the largest launch in history, reaching over $50 billion in assets under management in less than a year.
Furthermore, he's stating here that it was the biggest launch in the history of ETFs, right? And BlackRock has a huge track record of creating ETFs, right? Furthermore, it was the third largest asset raiser in the entire ETF industry, only behind S&P 500-indexed funds. Oh, and you're saying that the launch of the, of, the Bitcoin ETF is just the most recent example, right?
Finally, he notes that more than half of IBIT's demand came from retail investors. This is very important information, okay? Many believed that the money being invested in BlackRock's Bitcoin ETFs was coming from institutional investors. And he's saying here that more than half, more than half of what was invested in BlackRock ETFs came from retail investors, and three- quarters of those investors had never owned an iShares product before, which also shows, right?
In other words, of everyone who invested money in BlackRock's Bitcoin ETF, half are retail investors, and three- quarters of those investors weren't even iShares clients until now, which shows a very strong interest from a large part of the American population and the rest of the world in accessing cryptocurrencies, right?
And that's where, obviously, all this enthusiasm for the cryptocurrency market and the BlackRock ETF comes from. Remember, again , it's important to make it clear that this news, this information, is extremely positive, but at the same time, BlackRock has a direct interest, right? Look at all this money!
They are, uh, he stated here that it was the ETF that raised the most capital in BlackRock's history . It had the biggest, uh, the biggest, uh, uh, uh, the biggest investment in a short, short time, right, 50 billion in one year, in less than a year, something that had never happened before. This is a goldmine.
Even though the administration fee is very small, it's a goldmine, is n't it? You don't do anything, you just buy Bitcoin, sell Bitcoin, and receive 0.25% per year. So, for them, this is actually a great deal to make. Therefore, even if his opinion is sincere— that Bitcoin can replace the dollar—he has a vested interest in this story.
But it really is a , it's a, it's quite a strong phrase, is n't it? That's a phrase that makes all the difference coming from a guy who is, uh, possibly one of the most powerful guys in the world, right? Even though he's not the president or anything like that, he is the CEO of BlackRock, right? He is, without a doubt, a guy who has influence all over the world.
And remember, this was made in a statement in the letter sent to their, uh, to the, to the BlackRock clients, which also helps many more people understand. So, we're on the right track, right? In my opinion, this is an irreversible path towards tremendous growth in the cryptocurrency market, with more investors entering precisely because of actions like this, in addition to states, countries, companies, and investment funds that will eventually buy Bitcoin, right?
So, uh, again, Bitcoin is falling. I think in the short term it could fall further, but in the long term, with everything that's happening, it's impossible to see Bitcoin disappearing or falling significantly in price and not returning to much higher values than the current ones in this type of scenario.
And that's why I keep buying and investing, but I want to know your opinion. Do you think the CEO of BlackRock is saying this just because it's more capital inflow for him, or do you think he's really changed his mind from what he thought in the past and truly believes that today Bitcoin is the best alternative for capital, for the dollar?
Tell me in the comments below this video, and if you liked it, leave a like. If you're not subscribed to the channel, take the opportunity to subscribe.
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