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Yo, what's up, fam? It is Lon for Lolo. I'm probably going to be the biggest Bitcoin bull you will ever find on your timeline because right now, guys, ah, I'm just tired. You know, I've been talking about Bitcoin since 2016. Uh, but right now, seeing news like this and seeing that people are actually not even paying attention to this, I'm going to be making videos every single day, especially when it comes to news such as this to make sure that everybody understands what's going on.
so that people can position themselves. Now let's talk about this guy. This guy's name is Larfink. He's the CEO and founder of a company called Black Rockck. Now Black Rockck is a juggernaut when it comes to uh financial institution in the world. They are the biggest asset manager in the world. These guys control or own shares in almost every major company in the S&P 500.
So whether you're talking about companies listed, you know, in in New York, you're talking companies listed in Tokyo, you talk companies listed in Johannesburg, these guys own all the major companies. They control over $12 trillion in assets under management. Now, 3 years ago, four years ago, this guy was very much against Bitcoin.
Um, but as we have predicted, nobody's going to be able to to resist Bitcoin for long. They changed around and actually started embracing Bitcoin and other crypto assets. Now, last year, January 2024, they launched what is called IPIT, which is the first Bitcoin Bitcoin ETF, uh, which basically allows other institutions, pension funds, and so forth, um, to be able to get exposure into things like Bitcoin.
All right. So, now this Bitcoin ETF by IBIT has been the fastest growing ETF in the history of all ETFs. Okay. Now if you want to understand the impact of ETFs on assets like Bitcoin, look at what happened with gold when they introduced the first bitcoin uh gold ETF in 2001 and and and 2004. All right.
So the price of Bitcoin went soaring. Why? Because it meant that institutional capital can now be channeled into Bitcoin or gold, you know, in the past because of uh you know the the ETF, right? Because it's a regulated instrument. So right now because of this instrument that Black Rockck actually created called the Bitcoin ETF even Discovery Invest in South Africa has a product that gives access to high net individuals that gives them exposure to Bitcoin.
Right now Signia in Cape Town one of the big asset managers in South Africa is also working with Black Rockck to give exposure to people to Bitcoin. Okay. Now am I a fan of ETFs? No. What am I a fan of? you owning your own bitcoin, self-casting your own bitcoin in your own non-custodial wallet in your own ledger treasure or whatever you know um or even a hot wallet like trust wallet and so forth.
But the object of the day what I want to mention with this particular video is the fact that these guys they are making over $260 million every single year due to this ETF. And guess what? It's only the beginning. You know what this guy is pushing for? He's actually pushing for institutional investors to push between five two to 5% of their asset portfolio into Bitcoin.
Okay. What is that going to do for the price of Bitcoin? As he says in his own words, that will take Bitcoin upwards of $700,000 for one Bitcoin. That's about what 7 times where the price of Bitcoin is today. That's what this guy is pushing for. And guess what's going to make this a lot easier for him right now?
He is the interim chair of the world economic forum. Do you understand what that means? These people, this guy here, he speaks to sovereign wealth funds, he speak to governments, he speak to different kinds of people about getting their exposure into Bitcoin. Guys, the cat is out of the bag. Not only are large institutions coming into Bitcoin, but even governments, even central banks, no one is going to be able to risk the resist Bitcoin because of its qualities as a neutral asset that cannot be owned or controlled by any, you know, particular government or so forth.
It is a neutral asset. Okay, it is gold on steroids. Okay, it is gold that went to, you know, the highest and the porchest Ivy League, you know, or model school you can ever think of, right? that is Bitcoin. The question is what are you doing? These guys are only getting started. Okay, they are only getting started because of all the regulatory hurdles that they had to go through which right now under Trump and elsewhere in the world is actually being fasttracked.
Okay. So, we're going to see Bitcoin going to 700,000 as he says I think it's going to go beyond 700,000. We're going to see $1 million worth of Bitcoin as Michael Seller says it. We will even see $10 million worth of bitcoins. In fact, Julian Timmer from Fidelity Invest, I'm going to do a separate video about that one.
He says Bitcoin can go as high as $1 billion US. Do you believe? The question is, what are you doing to accumulate your bitcoins? Okay, if you want to have if you have any information um or you have any uh you know uh um questions around Bitcoin, how to get started, um DM me. Let me help you get started. Cheers.
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