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$24 BILLION DOWN THE BITCOIN RABBIT HOLE! You Won’t Believe Who Just Bet the Farm on Crypto and Lost Their Minds Forever!

A massive rabbit hole with a giant dollar sign at its center is depicted in this illustration. The entrance to the burrow is guarded by two large coins (bitcoin and ether) while Blackrock's logo looms above, surrounded by swirling clouds of money. In the background, various financial symbols such as stocks, bonds, and ETFs are shown tumbling down into the abyss.

Blackrock’s Bitcoin Bonanza: A Scam for Suckers or a Smart Investment?.

Source: bitcoin.com

From Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $24 billion as of Sept. 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2% of bitcoin’s total supply. Not long ago, the idea of massive corporations, governments, and top-tier financial institutions stockpiling bitcoin (BTC) would have seemed unlikely. Yet today, these […]

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