BlackRock and Vanguard also now own Bitcoin!

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Major Investment Advisory companies BlackRock and Vanguard now have exposure to Bitcoin!

Ok, I admit, that title is a bit click-baity...

BlackRock and Vanguard do in fact now have bitcoin exposure but it's not quite in the way that you might first think.

You see, both BlackRock and Vanguard are two of the largest shareholders of Microstrategy's stock.

And MSTR now holds 38,250 BTC...

Which means, both BlackRock and Vanguard now have exposure to bitcoin whether they wanted to or not!

Based on their stock holdings of MSTR, here is their current BTC exposure:

(Source: https://research.arcane.no/news/the-norwegian-oil-fund-now-owns-almost-600-bitcoins)

But wait, there's more...

Not only do two of the largest investment advisory companies have exposure to bitcoin, there is a sovereign wealth fund that also has exposure to bitcoin.

If you look at that chart above, you can see that name at the bottom, the Norwegian Government Pension Fund...

That is the largest sovereign wealth fund in the world and they also now have exposure to bitcoin whether they wanted it or not.

The interesting thing from here will be who decides to sell MSTR stock and who decides to buy it.

It may be a way funds can gain exposure to bitcoin without going through some of the regulatory (or self imposed) hurdles that may exist for them.

I suspect we are going to see a shake up of MSTR holders by the next quarterly filings...

Stay informed my friends.

-Doc

Posted Using LeoFinance



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Guau black rock one of the most important portafolio managers in the world expose to btc, guau this is a great news that we need to the world of investment should know,
In the past black rock compite with Deutshche bank as a mayor portafolio manager, right now the world bank in their Ramp program do a little of invest the money of others, well sr, we are in the crypto world hope one day get enough for not have problem with the money.

Posted Using LeoFinance

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Yes they are on the list of who's who when it comes to portfolio managers, as is Vanguard. It will be interesting to see whether they keep their holdings after the bitcoin acquisitions by MSTR.

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Exactly this is an indirect form of investing in btc but they are exposure to a hight volatility in their portafolio, imagine what happens if BTC down to $1000, black rock support a little part of this losses, but the time say what will happens right know this is our exposure.

Posted Using LeoFinance

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The best thing we could hope for is for bitcoin to keep trending higher and higher and MSTR look like a genius for buying it. That will cause others to jump in and follow suit as well, continuing to push the price higher and higher and pulling even more people in. Sort of like the snowball effect.

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And the altcoin too grow yo, this should be great that happens well right now we are here.Screenshot_20200920134914~2.png

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Yes HIVE has had some trouble attracting investors. Hopefully we can make some changes that help bring more money into the ecosystem in the near future.

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Screw bringing in investors, we need more casual users. Making a healthy social platform should be the first priority.

Long term value comes from utility, if there are more users than the value of Hive will naturally go up on its own. If we bring in enough users than people will start to do more exchanges entirely with Hive and the value of Hive will become independent of other (crypto)currencies.

Having too many big investors will doom Hive to failure as it'll create an unsustainable wealth gap. If any one person has, or very small group of people have, enough Hive to completely tank the value by cashing out than the cryptocurrency has failed.

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How do you propose we bring in "enough" users to make your statement factual? Over 4 years of trying basically the current model hasn't yielded those results...

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The on-boarding system needs a massive overhaul. Requiring a phone number is too high a bar and will scare off a lot of potential users. Having an option to verify using a Twitter, Facebook, or Google account as an alternative to using a phone would make it much easier for users to join.

HIVE Onboard needs a major UI redesign as well, it's got some ugly elements and looks unprofessional. No offence to Christian Fürst, most developers are terrible at UI design.

Ecency does a better job of on-boarding users, they do verification by email. However, that failed when I tried to use it and I ended up buying an account using Blocktrades instead.


Once that's fixed we need to solve the user retention issue, Hive user retention is abysmal. While I don't have exact numbers, a quick skim of accounts created last week shows that most of them have not interacted at all or went dormant within a few hours of creation.

How do we fix that? Either by creating a new DApp made from the ground up to retain users or an overhaul of Hive Condenser and Ecency.

Firstly, new users need to be presented with a short tutorial on how to use Hive. I don't remember Ecency, Hive Condenser, or PeakD having one of these. A tutorial also needs to be easy to access again later if someone gets lost. It also needs to be hard enough to dismiss that users don't accidentally close it and forget it exists but also easy enough to dismiss that experienced users don't get upset.

New users also need to be presented with some recommended accounts to follow. These recommended accounts can be determined algorithmically based on if an account has been active in the last 72 hours, if an account is over a certain amount of reputation, and the chance of being recommended can be weighted based on how many upvotes and replies said account has received in the last 72 hours.

There also needs to be a reason for users to return periodically, Ecency has a points system which partially solves this but it's quite basic. A larger variety of high quality games on Hive would likely help massively here, most games that use Hive right now are pretty jank.

As for feeding content to users, the existing Trending and Hot sections do pretty good at that as is, it would however be beneficial to have an algorithm option too which shows content similar to other content a user has liked.


This last major problem is a combined social and ethical one and by far the most difficult to solve, and that's making the majority of new users feel welcome. Hive is already headed in a bad direction regarding this and if it continues onward it could potentially lock out a lot of target audiences from being onboarded.

Services like 3speak are ultimately harmful to the Hive blockchain. Not because of what they do, but because of how they advertise themselves. Advertising yourself as a censor-free, free speech platform is going to bring in a particular crowd of people. Most of these people have been banned off other platforms because those platforms feel that they're harmful to the platforms' bottom lines, and the platforms are right. The users banned for this reason are harmful to the value of a platform because they scare off more users than they bring in.

A free speech platform that does its job well doesn't need to advertise itself as a free speech platform. The people who genuinely have some truth they need to get out will naturally find such platforms on their own, in fact, advertising as a free speech platform is more likely to scare off genuine whistle blowers as it may come off as a red flag.

Not to mention, the current Hive ecosystem actively pushes away use by genuine whistle blowers. It's difficult to use over Tor due to every major interface using Cloudflare combined with the lack of an on-Tor presence. The interoperability with I2P is also nonexistant.

The thing is, Hive is functionally moderated by democracy. Given a representative distribution of people with different views, it will naturally trend towards promoting content that a majority of people like. This problem fixes itself if you have a large enough pool of users.

We need to focus on bringing in your average person.


This last section is some suggestions which could also help a lot but aren't absolutely necessary.

  • A robust referral system to incentivise people to get all their friends to join and stick around.
  • Some form of community funded bounty program offering people some Hive if they move from Wordpress/Blogger/et cetera to Hive.
  • A community funded targeted advertising campaign run on Reddit and Twitter, this would need to happen after the first two problems are fixed, it would also help alleviate the third issue by bringing in more average internet users.

Somewhat unrelated, but if anyone has the resources and wants to fund improvements to Hive's Tor and I2P friendliness, let me know, I've got the technical skills but lack the resources. It would involve running a new Witness node and any profit generated by it can be split. I can begin looking into how long it would take to get something operational, how much it will cost to initially set up and maintain, et cetera, if anyone is interested.

A preliminary, mostly safe, estimate is an initial setup cost of USD$5K/54 XMR/₿0.46 and that the witness node won't be profitable until it's in the top 26 witnesses. Maintenance and setup cost would likely be significantly lower though after running through all the options as I'm currently unsure of the hardware requirements that the servers would need.

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This is an interesting development. If these investors decide to divest from this Bitcoin custodian it may cause a dip or buying opportunity. If they don't its an indirect signal to the finance world that this Bitcoin thing is okay. I would love to see Fidelity, with it's trillions of dollars of holdings open a Bitcoin fund or add Bitcoin to one of its sector funds, then watch what happens.

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They may. I've seen quite a few things recently about Fidelity furthering their involvement with crypto.

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I'm not even that suprised with this announcement because it has always been bound to happen. Bitcoin is getting the publicity daily and these people wouldn't want to miss out. This is why I keep getting mad at people who only hold btc just for sale. I hope we don't lose it all to these companies.
I try to keep increasing my sats though. I buy with a portion of my salary on Changenow. Kinda easy for me because I do it with my card. I can't snooze and let these companies have it all

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Well if they want to sell at $15k or $20k let them. They will be like the people who sold at $500 and $1k on the way up.

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And what happens when Bitcoin moons x20 and takes MicroStrategy's stock up with it? Everyone starts changing their tune and looks at Bitcoin in an entirely new light.

Posted Using LeoFinance

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Yep, but it probably won't even have to do that... if it just keeps drifting higher and others feel like they are missing out by not getting some exposure.

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The level of FOMO that gets triggered by this next bull run will be the real all-time-highs.
I already feel bad for the people who buy in at the next peak.
I've been predicting for years we'll get a real ETF just in time for the market to crash into the dirt.
Just like CME futures got their just in time to fleece everyone.

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Yep, I am sure they were also pumping the market in order to get their shorts started as high as possible once they launched.

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