BlackRock’s “Secret” Crypto Plan

Bigger than BlackRock September 20, 2024 [WEBSITE]( | [UNSUBSCRIBE]( Why BlackRock believes Bitcoin isn’t a "risk-on" asset… and the next step in crypto dominance. BlackRock’s “Secret” Crypto Plan CHRIS CAMPBELL Dear Reader, Whispers often precede earthquakes. And lately, the most influential whisperer has been BlackRock… The world's largest asset manager. But what's intriguing isn't just the sheer scale of their operation… It's the strategic moves they're making in crypto. A Quiet Beginning As you may recall, Larry Fink, head of BlackRock, was vocally anti-Bitcoin and crypto in 2017-2018. MEANWHILE… he was doing something else. Most people don’t know: BlackRock was exploring blockchain as far back as 2016. In 2018, Robbie Mitchnick joined BlackRock as the Head of Digital Assets. His job? To figure out how blockchain and crypto could fit into BlackRock's world. Focus on what they do, not what they say. But here’s what they say now… Bitcoin: Neither Risk-On Nor Risk-Off BlackRock launched its Bitcoin ETF in January 2023, and despite high expectations, its success exceeded even those. And, of course, they changed their tune on crypto bigly. Fink went from “Bitcoin is an index of money laundering” to “crypto will transcend every international currency” in a relative flash. And BlackRock’s new position on Bitcoin is clear: Bitcoin does not neatly fit into traditional finance frameworks like "risk-on" or "risk-off" categories. Instead, they describe it as a unique asset class with long-term drivers that are fundamentally different from traditional financial assets. That makes it, as they put it, a “unique diversifier”. One example they point to: In March 2023, during the banking crisis with Silicon Valley Bank, while stocks were shaky, Bitcoin went up 30%. Robbie explained, "Bitcoin is obviously a risky asset... but it is not a risk-on asset." It’s something else. So where does Ethereum - and BlackRock’s new Ethereum ETF - fit into this? [BREAKING] Tiny Biotech Stock Could Surge 10,000%+ Over Time? AI stands to have a critical impact on the drug discovery process. Using AI, companies have been able to produce new treatments faster and more cheaply than ever! One small AI company—led by the world's top scientists—has quietly just stumbled upon the biggest AI cancer discovery in history. And when they announce this discovery, it could change modern medicine forever and send their company's stock price soaring. [Click here now for the urgent details.]( The Future: Tokenization BlackRock is excited about tokenization. “Tokenization of every financial asset,” in Fink’s own words. Tokenization is turning real-world assets into digital tokens on a blockchain. This could be stocks, bonds, or even real estate. Why is this a big deal? - Faster Transactions: Trades could happen instantly, 24/7. - Lower Costs: Fewer middlemen mean saving money. - More Access: People around the world could invest easily. Robbie said, "The properties that you can build into a system that is tokenized versus our legacy system are immense." He also said: "We're investing a lot of time and resources and energy into building around it." Secret’s Out BlackRock's secret plan isn't so secret anymore. They're bringing crypto to the mainstream. They're making it easier for people to invest in Bitcoin and Ethereum. They're also looking ahead to a future where assets are tokenized, making finance faster and more efficient. This could change the way the world handles money. But don’t focus just on BlackRock. There’s a more important trend in crypto that deserves your attention. More on that next week. Enjoy your weekend, Chris Campbell For Altucher Confidential Rate this email Like Dislike Thanks for rating this content! Looks like something went wrong. Please try to rate again. Claim Your Starlink Pre-IPO Prospectus This is a critical and time-sensitive message. It’s regarding Starlink, which is expected to be the largest IPO in history – set to take place in as little as a few weeks. And for the first time ever, we’ve found a way for you to profit BEFORE the IPO happens. One of the world’s top venture capitalists and Silicon Valley insiders has just released all of the details… including a prospectus… in this short message. [Click here now to discover how to take action BEFORE the IPO.]( ☰ ⊗ [UPDATE PREFERENCES]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here,]( or manage your newsletter preferences [here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Altucher Confidential is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your Altucher Confidential subscription, you can ensure its arrival in your mailbox by [whitelisting Altucher Confidential.](