Bitcoin....who's gotten into it?

[byates1]

Kinda hoping BTC legs down one more time. Coming into ammo selling my van. Looking to park some USD and see what bittlecorn does.

Bought some physical gold recently.

[Vt-Freeheel]

Just a continuation of the shit > fan





https://www-cnbc-com.cdn.ampproject....-millions.html



https://www-cnbc-com.cdn.ampproject....lings-say.html

[stalefish3169]

Probably nothing.

Hope y'all are having an excellent summer!

https://twitter.com/CoinDesk/status/...Pf1jW892Q&s=19

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[4matic]

It is nothing. A partnership costs them nothing and they avoid the regulatory problems.

I worked in data and trading partnerships. It’s easy to link brokerage into a feed.

[summit]

A flowthrough for cap feeds the machine? Required to sustain prices...

But, I just can't see institutions being stoked on this speculation at this point...

[4matic]

Right. After all the fraud and tears this year a CFO would be a fool to go there.

I suppose Blackrock did see a flurry of clients from Russia trying to get capital clear of Rubles.

“BlackRock funds just lost $17 billion due to Russian exposure.”

[stalefish3169]

Copium.

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[4matic]

Five years ago Blackrock called it a money laundering scam. Think how many Blackrock billions could have been third party laundered out of Russia through Alladdin had it been in place prior to conflict. Don’t be fooled by Fink’s altruism.

[Bunion 2020]

And not to be a dick (right).... But isn't Blackrock the kind of Machine that Stalefish usually rails against?

[summit]

They are a sunavabitch until they are your sunavabitch.

[stalefish3169]

I've said over and over and over that they are not getting on board because they want to. It's because they realize BTC is the apex asset and they have no choice.

I wonder how this bodes for Bunion's call that BTC won't be around in 5 years...which is less than 4 years now.

Tick tock.

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[4matic]

Pornhub takes Crypto. So there’s that.. no surprise there. BTC supports child exploitation!

[stalefish3169]

Pornhub takes Crypto. So there’s that.. no surprise there. BTC supports child exploitation!

Clearly nobody ever commits crimes with cash USD.

Checkmate 4matic!

/thread

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[4matic]

Crypto only way to pay on Pornhub. Maybe a Blackrock client.

[hatchgreenchile]

But, I just can't see institutions being stoked on this speculation at this point...

Or Joe Investor, especially the crypto noobs

[4matic]

I don’t see how this helps Coinbase that much since they get paid for transactions. It’s not like institutions are short term traders. I suppose there are companies that sell stuff for crypto that need to transfer to USD regularly.

[4matic]

For example, BKKT provides institutional transactions support and has been a big dud

It now focuses on providing technology to banks, credit-card issuers and companies with customer-loyalty programs, such as hotel and restaurant chains. Bakkt’s technology lets such companies integrate crypto, points and gift cards in various ways.

For instance, banks can use Bakkt to let their customers invest in bitcoin and ether. Guests at hotel chains can use Bakkt to swap points for cash or crypto. Bakkt can also be used to make payments using digital currency

[skaredshtles]

<snip> they realize BTC is the apex asset

[schuss]

And not to be a dick (right).... But isn't Blackrock the kind of Machine that Stalefish usually rails against?

If there's anything consistent about crypto junkies, it's the ability to wholesale change positions at will. Crypto can never fail, it can only be failed.

[stalefish3169]

Or Joe Investor, especially the crypto noobs

Smart money has been loading up. Dumb money will fomo in when the big boys move the market. It's what happens...literally every time.

[subtle plague]

Well, it sure beats vintage tentacle sex robots.

[stalefish3169]

Giddy up!

https://www.proshares.com/fund-highl...coin-etf-biti/

[summit]

Giddy up!

https://www.proshares.com/fund-highl...coin-etf-biti/

I did. I have $500 in realized gains and $300 in unrealized losses so far. Casino! C'mon, daddy needs a new pair of ski boots!

[stalefish3169]

I did. I have $500 in realized gains and $300 in unrealized losses so far. Casino! C'mon, daddy needs a new pair of ski boots!

Well, props to you for getting some skin in the game!

Some people love doing victory laps at 20K when they said BTC was dead at 3K.

[Dantheman]

Considering that Coinbase stock is down about 85%, I'm guessing Blackrock loaded up beforehand, they'll dump it the moment they think the bump from this announcement is over, and this whole partnership will quietly cease to exist sometime in the not-too-distant future.