At the bottom of the 2022 crypto bear market Larry Fink invited Michael Saylor in to discuss Bitcoin. BlackRock would then go on 2 years later to launch their most successful product of all time, the spot Bitcoin ETF — a product that was denied for over a decade by the regulatory agencies by previous applicants. Today, at the bottom of the bear market while the price of $BTC is down -40% and the price of $MSTR is down -65% Strategy surpassed BlackRock’s Bitcoin ETF holdings. BlackRock: 802,823 BTC Strategy: 815,061 BTC There is something symbolic about the timing of the largest asset manager in the world being usurped by a company who most people never heard of 5 years ago.
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