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Blackrock Opens a Blackhole in Cyberspace (Eruptions Market Report (6-21-23)

It is difficult to overstate the significance of the news this week.

Blackrock, Charles Schwab, Fidelity, Citadel, Invesco, and WisdomTree have all made MAJOR MOVES into Bitcoin in the last seven days.

Blackrock by itself has over 20x the US dollar value in assets under management than the entire Bitcoin BTC market cap ($400 billion).

BlackRock has an all time record of 576-1 when it comes to getting ETFs approved by the SEC.

So what does this mean?

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