How the Blackrock‘s of the world think about Investments and why this time it will really move the needle

Here is an anecdote about how Larry Fink thinks about investment, so you understand why #Bitcoin spot ETF will sell strongly to his clients. True story.

About 20 years ago I helped a friend from college start a hedge fund. Being closely related to Larry Fink, he asked him at Thanksgiving dinner to put money into it. Larry asked, „why are you special?“. He said „I made 3000% in my first year and 2000% in my second year“.

Larry said „that‘s not gonna sell, that will be interpreted as luck and too much risk, unless you do that for 10 years straight, nobody will believe you“.

#Bitcoin now has the track record to validate this sort of performance. People will not buy it because it‘s a great store of value and that‘s not the story. They will tell their clients that it will keep doing what it‘s been doing for the past 10 years. Easy sell.

You might wonder, why it did not lift markets when this small company in Europe started the first spot #Bitcoin ETF. It‘s basically as if you started a Vegan restaurant somewhere out in the sticks in Texas. If you open that, you need to be on Times Square in New York.

#Bitcoin now has the story that it needed and will go Times Square New York, where everybody can see it. It will be wild to see the demand.