There is much euphoria about Blackrock's application to start an ETF fund for Bitcoin. The average layman probably doesn't understand any of this, but here you will read the explanation that everyone can understand and also discover why you would want to know about this even if you don't understand anything about investments. After all, it's about everyone's future. And to understand that, you have to go through a few steps, but it has everything to do with the upcoming big reset and Bitcoin's function as Noah's digital ark, as already described in this June 11 article.
First, it is useful to know who Blackrock is, for those who did not already know. Blackrock is the largest investment company in the world. It has shares in many other companies, in banks, in real estate, and every branch of finance you can think of. It is the largest mutual fund in the world and its CEO is Larry Fink. Larry Fink actually built Blackrock because he believed that AI (artificial intelligence) could make the best investment choices and so Blackrock is actually intertwined one-to-one with the AI system developed by Fink called Aladdin.
Is the Central Bank (the Federal Reserve, also known as Fed) in the US making a decision? Then that is consulted with Larry Fink (or rather Aladdin). If the U.S. Treasury Department makes a decision, it is in consultation with Larry Fink (or rather Aladdin). It is mainly AI that runs the U.S. financial system.
In addition, it is useful to know that Blackrock has its tentacles in huge numbers of companies and financial institutions worldwide. Then again, it is useful to know that the dollar is still the global trading currency. Although more and more countries are dropping the dollar, the dollar is still the standard of trade because of international payment systems.
Blackrock has now filed an application with the Securities and Exchane Commission (SEC) on June 15 to open a Bitcoin fund. So what is so special about this? Well, it is important to understand. The SEC has so far turned down all applications of the same order. The difference, however, is that Blackrock has more power, making it more likely that the application will be approved.
Technically, the SEC has also rebuffed such applications until now, because they often involved cryptocurrencies that can actually be considered privately issued coins of companies, with which such a coin was actually considered nothing more than a kind of fundraising of such a company. Such coins are thus not independent, and in addition, companies must be able to prove that they keep exact records of who buys what and who sells what, for legal purposes.
The SEC has actually declared all such cryptos to be "security," which means so much that if you (so to speak) buy a Coca-Cola coin, you've actually provided money to Coca-Cola and thus have actually provided a financial security deposit to Coca-Cola (in other words, gifted money).
So with Blackrock's application to the SEC for a Bitcoin ETF fund (Exchage Trust Fund), Blackrock has actually said, "Bitcoin is not a security, but a serious currency" and it has actually said it wants to help boost Bitcoin trading.
In the application, Blackrock lists the company Coinbase as a possible SPOT trader; wherein that word spot is actually a reference to "on the spot. So Blackrock is not looking to speculate on the rise or fall of Bitcoin. No, Blackrock, for every dollar someone puts into the fund, immediately buys the value of that dollar in Bitcoin. That's why it's called a spot ETF fund.
Some other large companies, meanwhile, have applied for a trading exchange that complies with the Nasdaq standard (the U.S. stock market for technology stocks, a kind of AEX for tech companies) and that application is running in parallel with the Blackrock application. The companies seeking to open this new Bitcoin exchange (and thus would become a competitor to Coinbase because they meet the Nasdaq standard) are Fidelity Investments, Charles Schwab and Citadel Securities.
To make a long story short: So it looks like Blackrock is going to get fully into Bitcoin and that Bitcoin can be traded via a Nasdaq-linked trading software system. That means that if you have Apple shares today and you want to sell them for Bitcoins; you can do so on the official registered exchanges from now on. You won't have to first convert your Apple shares into dollars, then move that money into a bank account to buy Bitcoins for it.
However, the biggest gain if Blackrock's application is approved is that Bitcoin can suddenly appear on companies' balance sheets. That requires a little explanation, but in a nutshell, the bottom line is that you cannot currently buy Bitcoin as a business on an accounting basis. Why not? It has to do with accounting rules. If you now own Bitcoin as a business and the price of Bitcoin halves, for example, within your accounting quarter, that 50% drop is considered a trading loss. Your company would then (because of Bitcoin's decline in price) suddenly perform much less well on paper.
And from that immediately follows the answer to the question you may have already had, "Why buy Bitcoins through a Blackrock fund? Why buy shares in a fund so cumbersomely and then have that fund buy the Bitcoins, when you can just buy Bitcoins directly yourself?" And if you hadn't thought of that question yet, you will soon begin to see its importance. The importance lies in the fact that there is not yet a way in accounting rules worldwide to put Bitcoin on the books as an investment. Whereas you can buy shares of another company as a company without it affecting your loss or profit balance, that is not yet possible with Bitcoin.
So Blackrock is actually providing a technical solution to get around that problem. If the Blackrock fund is approved, suddenly all large companies, banks, pension funds, mutual funds, as well as smaller entrepreneurs, can buy shares in the Blackrock Bitcoin fund. By doing so, they actually indirectly own Bitcoins, because the value of the share in the fund is linked one-to-one with the current value of Bitcoin, but accounting-wise they can put it in the right place in the balance sheet. That's the trick.
With that, tens to hundreds of billions suddenly become available from large companies and funds that can get into Bitcoin, and with that, the value of Bitcoin (if approved by the Blackrock ETF fund) could soar to several million dollars per Bitcoin.
Why? Well, it has to do with the scarcity of Bitcoin. Encoded into the code of Bitcoin technology, is the fact that only 21 million coins can be produced. That production is done through mining; that is, digitally mining a Bitcoin by solving a complicated mathematical formula. For this you need heavy computers, and the more computers in the network the more complicated the formula becomes. That's the simplified representation of that mining principle.
If you wanted to increase this number of 21 million, you would need permission from more than 50% of the computers in the network. And so that ensures that you cannot increase that 21 million number quickly. That keeps Bitcoin scarce, and so that scarcity creates an increase in value. And that increase in value gets a huge boost, once Blackrock opens this fund, because (as explained) companies, banks, and funds now suddenly have access to Bitcoin. That's a potential market of hundreds of billions of money now sitting in stocks or government bonds that can then flow toward the Blackrock fund.
Since Blackrock is actually the best-yielding company in the world and has the most capital available in the world, it can therefore buy a stake in those banks and companies it wants to get invested in the Bitcoin fund.
In my opinion, we are dealing with a very clever trick here. Now what if countries and companies (such as big oil companies) decide to abandon the dollar as a trade standard? And now what if it is still too technically difficult to get that BRICS payment system operational? Then if companies decide to let go of the dollar and start using Bitcoin as the new trading standard; who benefits and who will end up owning the most Bitcoins? Blackrock.
Bitcoin would thus have gone unnoticed from seemingly suppressed currency, to the status of the world's leading currency in one fell swoop. And who then (potentially) has the most Bitcoins under its control (if the fund launches and large institutional investors step in)? Blackrock. So, in effect, Blackrock is buying into the potentially most financially attractive and fastest escape route (the escape route away from the dollar).
In my December 30, 2021 prediction, I expressed the expectation that Bitcoin will peak-rising and the dollar will crash. If large institutional investors saw the dollar crash now, they would have no escape route to Bitcoin (because of the accounting problem mentioned above). Blackrock is opening up that quick escape route now.
And that this crash is coming is obvious. Indeed; my expectation is that something very big is coming. That has everything to do with the plasma dome theory, but that is beyond the scope of this article.
The planned fall of the dollar, will realize the planned flight toward Bitcoin. With that in mind, read the June 11 article again.
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13 Comments
Tweet from Robert F. Kennedy
Mi one of the 'chiefs' of the controlled opposition
"As president, I will make sure that your right to use and hold Bitcoin is inviolable. Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more democratic."
What shall we say about this?
I described the answer to that question in the article linked above. Here again:
https://www.martinvrijland.nl/nieuws-analyses/waarom-de-bitcoin-de-ark-van-noach-moet-worden-en-waarom-1-bitcoin-binnenkort-de-waarde-van-2-miljoen-euro-zal-passeren/
By the way, it should be clear that Bitcoin was obviously not invented by e.g. unknown Japanese Satoshi Nakamoto.
It was of course launched by those in power to eventually drive people to it via the "clearing of the deepstate PsyOp.
Thank you for a very enlightening article.
To me this means that the dollar crash won't happen until the bitcoin trust is in place to give the big companies a way out ahead of time. Would you agree?
I wonder how long it will take Blackrock to get a yes from the SEC and set it all up.
I agree on that. Therefore I think they will get their approval quite soon and the technical infrastructure they probably already have in place.
If Blackrock applies for something like this, they don't do it as just a "let's see what happens."
Interesting side note:
The SEC has rejected 33x such applications until Blackrock's application. Does anyone recognize that number?
An application for an ETF usually takes 45 days. So that brings us to mid-August for approval. That's roughly around the period where I think something big is about to happen (and thus the flight to Bitcoin will go top speed).
My estimate is that the kickoff for the "unmasking deepstate PsyOp" will be from July 4, 2023 (because of the theatrical release of the movie Sound of Freedom) and that is when the Biden scandals will be pushed more and more clearly.
Then maybe around late July / early August an attack(hoax) on Donald Trump and then August will probably be the month of plasma events. Perhaps late August / early September rather than early August,
Incidentally, both Blackrock and Venguard have quite a stake in Bitcoin guru Michael Saylor's Mircostrategy.
Microstrategy bought 12,333 Bitcoins shortly after Blackrock's announcement. There, too, we see a sign of things to come.
Why 12,333, well that not only contains the well-known Masonic number 33, but if it looks at it numerologically, 12 can be read as 1×2=2 and 2x 333 =666
So Michael Saylor was all along secretly a puppet of Blackrock and Venguard who was allowed to promote Bitcoin among the common people. Those common people were first driven away from Bitcoin via the deep downfall and will soon (after the "cleaning up of the deepstate") be driven in that very direction again. So Saylor was the evangelist to ensure that Bitcoin did not die a quiet death altogether. It just had to look like it was unwanted for a while, but Bitcoin will jump in at the failure of the CBDC, and all of that was pre-planned and cleverly coordinated.
https://cointelegraph.com/news/micro-strategy-buys-347m-worth-of-bitcoin-amid-market-thaw
This woke character came up with the discovery that Blackrock and Venguard have a stake in Microstrategy...remarkable:
By the way:
347 million in bitcoin is also another 33 (7-4=3)
They show everywhere that they manage the chessboard.
How about November Martin....Everywhere in the Netherlands you see an advertisement 7 / 11 ( red 7 white 11, black background) with slogan
7 11 MORE THAN A NUMBER
It's advertising for an online casino really everywhere along the highway in bus shelters etc....
I also spotted those idd, could also be July 11.
or vice versa July 11, like 911 is September 11
If you had 100,000 euros where would you invest it
I am not giving financial advice, but merely describing what is going on and where I expect it to go.
The reason I write about Bitcoin can be found here:
https://www.martinvrijland.nl/nieuws-analyses/waarom-de-bitcoin-de-ark-van-noach-moet-worden-en-waarom-1-bitcoin-binnenkort-de-waarde-van-2-miljoen-euro-zal-passeren/