Analog Thinking

"BlackRock has opened a new filing with the SEC to purchase more Bitcoin ETFs, according to new filing records by the commission. BlackRock intends to use the new Bitcoin ETFs for its Global Allocation Fund." BlackRock is about to flip Microstreategy and plebs are cheering... I want the price to go up too, but I see BlackRock for what it is.

This entity is eating up valuable assets and is looking to gain more and more control over the world with every passing year. Now, if you were wondering who is selling Bitcoin to BlackRock, the answer is pretty straightforward: small entities are doing that, and thus the distribution of the coins becomes more and more centralized.

BlackRock seems to have gained some serious confidence in diving into the Bitcoin realm recently. Unlike others such as ARK Investment and similar companies, which could have pursued a Bitcoin spot ETF long ago, BlackRock only decided to take the plunge a few months back. It's as if they were holding out for some kind of signal, perhaps from their in-house AI, Aladin, which presumably aids them in maximizing their investment returns.

Is the dollar headed down the drain? Are we on the brink of hyperinflation, or is deflation lurking around the corner? What the heck is going on? As of now, inflation remains stubbornly high, at least in my country, and there's no telling when or if it will ease off.

What's evident, however, is the pressing need for better currency options, and cryptocurrencies may well play a pivotal role in shaping the money of tomorrow.

Stablecoin issuer Tether Limited has entered a Memorandum of Understanding (MOU) with the Republic of Uzbekistan’s National Agency of Perspective Projects (NAPP) to develop a regulatory and legal framework for digital assets in the country, according to a March 7 press release.

NAPP is the primary government agency overseeing crypto regulation and development, according to the release.

The agreement signifies a strategic effort to make Uzbekistan a central hub for blockchain and peer-to-peer telecommunication technologies, aiming to spark innovation and economic growth within the region.
source

I get it, Uzbekistan isn't exactly making headlines in the media all the time, but remember, the same was true for El Salvador just a few years ago.

The World Economic Forum (WEF) seems pretty convinced that the future of money lies in Central Bank Digital Currencies (CBDCs). However, Jerome Powell recently made it clear that the Federal Reserve (FED) has no intentions of implementing any CBDCs in the foreseeable future. According to Powell, only banks will have individual accounts with the FED. For some of you familiar with my viewpoint, this comes as a relief. Personally, I've long held that CBDCs are akin to rat poison.

BRICS member Russia announced the creation of a new blockchain-based payment system on Tuesday. The blockchain and cryptocurrency-based payment mechanism will be an independent system for trade settlements. The new BRICS payment system will position itself as an alternative option to the US dollar.
source
You know, everyone's searching for better money, but it seems like nobody's truly recognizing Bitcoin and decentralized stablecoins like HBD for what they really are. Sure, folks are all in on the concept of blockchain technology, and there's a palpable need for an alternative to the dollar, especially considering how it's being weaponized. But as of yet, no major country has had the guts to fully embrace Bitcoin.

Maybe that'll change in the future, who knows? But watching BlackRock gobble up huge amounts of Bitcoin at such a rapid pace makes me wonder if their game isn't just about raking in fees from ETFs, but also about securing a hefty chunk of the scarcest asset the world has ever seen. BlackRock currently holds close to 200,000 BTC for its ETFs, which amounts to about 1% of the total supply.

If BlackRock's ownership of 1% of the total BTC supply doesn't set off alarm bells, I don't know what will. To me, it's a clear signal that the bull market is on, and it's also evident that the landscape of money is on the brink of significant change, with stablecoins poised to play a pivotal role.

But hey, what's your take on BlackRock and BTC? And what are your expectations for this bull market?

Thanks for your attention,
Adrian