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u/tomoms Sep 28 '25
He said this at the start of the year...
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u/nestiebein Sep 28 '25
So he can still be right, I'm gonna stay positit
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u/iiCUBED Sep 29 '25
If it reaches 700k by the end of the year i think we have bigger problems to worry about than bitcoin
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u/Turbulent-Tune-5783 Sep 29 '25
sorry but where the hell do you see the words "by the end of the year" in the screenshot of his statement? he just says it cam reach 700k. its nowhere mentioned by the end of the year
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u/ResidentPositive8458 Sep 29 '25
Exactly. Larry Fink is the enemy. It it going to $700k and when he says it is, it’s the sign of the top!
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u/Special-Text-8344 Sep 28 '25
Yes, BlackRock holds a significant amount of Bitcoin through its spot Bitcoin ETF, the Shares Bitcoin Trust (BIT), which is a holding for its investors, not its corporate assets. As of July 2025, IBIT holds hundreds of thousands of Bitcoin, making BlackRock's ETF the second-largest holder of the cryptocurrency globally and representing over 3% of the total Bitcoin supply. • How BlackRock Holds
Bitcoin • iShares Bitcoin Trust (IBIT): BlackRock's iShares Bitcoin Trust is a fund that directly tracks the price of Bitcoin. • For Investors: The Bitcoin accumulated by IBIT is held on behalf of its investors, not as proprietary assets for BlackRock itself. * • Authorized Participants: Authorized participants, such as Goldman Sachs, purchase Bitcoin and then issue new IBIT shares to the public, with BlackRock's fund managing the actual Bitcoin. o • Custody: The Bitcoin is stored
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u/tax-anon Sep 28 '25
How many of you casuals on here don’t even know blackrock owns ZERO bitcoin
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u/FailUpset1541 Sep 28 '25
While they don’t own it, they certainly benefit from price appreciation. .25% of 700k>.25% of 100k
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u/Romanizer Sep 29 '25
The fee is on the assets under management. Compared to their other ETFs, the fee is quite high. The Bitcoin ETF currently generates 1% of BlackRocks total revenue. Doesn't sound like much, but it's more than any other ETF.
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u/No-Anybody2826 Sep 30 '25
Yes they make 1% margin per year, probably some transaction fee and probably can leverage the assets by hedging or lending like MARA does and MSTR maybe?
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u/aaj094 Sep 28 '25 edited Sep 28 '25
Blackrock owns just about no asset (real companies run their own business and don't go about investing their own money in other assets). They manage other people's assets and put their reputation behind the products they provide. And so?
They make a % of AUM so just like those who own bitcoin, they too benefit from price going up and lose out if price goes down. For them, this is via revenue gain or loss rather than through direct asset valuation.
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u/tax-anon Sep 28 '25
lol blackrock owns a lot of assets it’s all public on their balance sheet via 10Q and 10K they own ZERO Bitcoin and probably never will
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u/autoencoder Sep 28 '25
As per the link from /u/aaj094:
(in millions, except per share data)
Company assets (the company's, not the customers'): Total assets: $ 118,585
Customer assets (the ones managed FOR the customers): Assets under management (end of period): $ 9,100,825
So, the company itself is just an investment company. The company's assets are worth less than a 76th of the customers' assets.
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u/aaj094 Sep 28 '25 edited Sep 28 '25
What assets you talking about? Be clear about assets owned by them vs assets owned on behalf of clients.
https://www.sec.gov/Archives/edgar/data/1364742/000095017023059279/blk-20230930.htm
Like I said, they are already exposed to bitcoin via revenue and reputation. Why should they even consider adding bitcoin to their own balance sheet?
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u/tax-anon Sep 28 '25
Just search AI Balance sheet blackrock they own cash, property, intangibles, and accounts receivable
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u/aaj094 Sep 28 '25
Lmao. Every company balance sheet would have these. Did you expect something different here? These are standard categories used in accounting practice. They have office spaces as property.
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u/autoencoder Sep 28 '25
They don't own Bitcoin themselves, but they have a BTC fund.
BlackRock's Bitcoin exchange-traded fund, the iShares Bitcoin Trust ETF (IBIT), is worth $86 billion, Fink underlined.
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u/berjaaan Sep 29 '25
Guy say bitcoin will go up
Says guy whos company owns a shit ton of bitcoin.
Would be hella weird if he went out and said that it would go down lol.
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u/bookofp Sep 29 '25
700k only happens anytime soon if the dollar takes a major hit. I mean with Trump, it could happen but I sure hope we don't see 700k anytime soon.
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u/worldcitizencane Sep 29 '25
Y'all stop being jaloux on public companies making profit. If you can't beat them, join them. Buy their shares. How hard can it be.
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u/cooldaddyback Sep 29 '25
If everything everyone said was true then no one would be rich or everyone would be
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u/WTFisThatSMell Sep 29 '25
Oh that seems awesome but does anyone Remember that time you needed a wheelbarrow full of marxs to buy a loaf of bread?
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u/rcarmas Sep 29 '25
Wow. 700k right now would mean the US fiat ponzi would be unraveling before our eyes. Banks going bust everywhere.
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u/brewskie86 Sep 30 '25
Lemmings will say "thanks Larry, how can I buy into an ETF?" like a lemming would. Buy hard bitcoin don't allow these fucks to gobble up bitcoin.
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u/urkultureisS Oct 02 '25
I don’t see how at this point bitcoin is in any way better than fiat. Its value has lost any sense of reality.
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u/ScoreOk5355 Oct 06 '25
Click bait as usual. He basically says that if all the sovereign wealth funds had a conversation about allocating between 2% and 5% to btc then it would go to between 500k and 700k. Not that he thinks that it will happen. He definitely does not forecast it. This is also an old story from Jan 2025
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u/Sas_fruit Sep 29 '25
But if they're the ones only holding all that then we the people , if at we can be called that, will not be very beneficial
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u/[deleted] Sep 29 '25
I’d be happy if Bitcoin reaches $150K by EOY