BlackRock seeks to shield bitcoin investors from losses after rival fund weathers 50% crash
After a 50% crash, BlackRock wants to insure its own bitcoin investors. There’s something interesting about putting those two things together: it’s not “bitcoin is fine,” but “there’s a problem, and I have a way to help you lose less.” That’s how traditional finance works—they’ve never promised you’d make money; what they promise is that “if you lose money, someone will have your back.” I saw so many people rush in during the 2021 bull run shouting “diamond hands.” And how did that turn out? This moat-building mindset is certainly more practical—and colder.
After a 50% crash, BlackRock wants to insure its own bitcoin investors. There’s something interesting about putting those two things together: it’s not “bitcoin is fine,” but “there’s a problem, and I have a way to help you lose less.” That’s how traditional finance works—they’ve never promised you’d make money; what they promise is that “if you lose money, someone will have your back.” I saw so many people rush in during the 2021 bull run shouting “diamond hands.” And how did that turn out? This moat-building mindset is certainly more practical—and colder.