There’s an old adage to “follow the money” that I certainly put to use.
(A similarly useful one that I came up with the other day was “follow the transparency”. Who is transparent? Who is not? This is a useful shortcut for figuring out who to listen to and trust.)
Today, I’m not just talking about following the money regarding researching…but literally following the money with your investments.
Let’s talk about BlackRock.
BlackRock is a huge firm that owns significant chunks of every single big corporation. They work directly with the US treasury and the Federal Reserve ever since the pandemic hit.
Because of this Bloomberg called them, “the fourth branch of government.”
Remember what the World Economic Forum “You’ll own nothing and be happy.” BlackRock (and Bloomberg) are both partners in the WEF.
Well, someone is going to own stuff. Who do you think that will be? Do you think these titans of capitalism are going to relinquish what they own? Do you think that’s the game plan?
BlackRock is in large part the means by which the stock market is flying high from the Fed’s money printing.
There’s a good chance I’ll do a comprehensive overview of this company in the future. Today, I’ll just focus on them and Bitcoin.
Does BlackRock own Bitcoin?
Rick Rieder, the chief investment officer of global fixed income at BlackRock, said that BlackRock had “begun to dabble” in bitcoin, but didn’t give details on how much.
Consider they have $9 trillion in assets under management, and Bitcoin itself only has a $740 billion market cap.
They also own Bitcoin indirectly. BlackRock owns a 14.56% stake, the largest owned by anyone, of Michael Saylor’s MicroStrategy firm. If you haven’t heard of Saylor, he’s one of the main guys going around even in the mainstream media talking about the long-term bullish scenario for Bitcoin.
MicroStrategy owns 105,085 bitcoins worth roughly $3.4 billion dollars.
They’re planning on taking on more debt to buy even more.
Now, with their cut, less than a billion in Bitcoin is small fries for BlackRock. But it’s there.
BlackRock also owns 5.07% of Tesla which bought about $1.5 billion of Bitcoin a while back.
In addition, BlackRock is aiming to add Bitcoin futures to some of its funds.
This quote from that article is worth noting “BlackRock Chief Executive Officer Larry Fink had said at the Council of Foreign Relations in December that bitcoin is seeing giant moves every day and could possibly evolve into a global market.”
Granted, BlackRock could be doing a whole lot more in the space. But that they are involved right now in growing ways is a bullish sign to me.
So if you want to “follow the money” with your own, my Crash Course can get you started and even moving much further into the territory than BlackRock.
Of course, the coming CBDC’s could disrupt the crypto field. Considering that BlackRock is tied to the Fed that is worth considering. More on the topic next week…