@davidjsorensen ↔ @BobAnde29553133 conversation


Hi there, Renate here
Big companies like BlackRock already offer Bitcoin in ETFs (Exchange Traded Funds they offer to their clients). Since yesterday Vanguard (11 trillion dollar company) and Bank of America (this company has 15,000 financial advisors working for them) also offer Bitcoin in the ETFs they offer to their clients. Until yesterday they had rejected that. Since yesterday they're stepping into Bitcoin. This could be huge for bitcoin. Prices are up today. Maybe the bottom for Bitcoin is in? I don't know. Who knows.
ETFs are investment funds that hold a collection of assets, like stocks or bonds, and are traded on stock exchanges throughout the day, similar to individual stocks. They provide diversification and typically have lower fees than actively managed mutual funds, as most are passively managed to match the performance of a specific index like the S&P 500. To use an ETF, investors buy shares of the fund, and the value of those shares goes up or down based on the performance of the underlying assets.
So Bitcoin is integrated in Stock Market Exchange Traded Funds. That's good news for Bitcoin.
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NOTE: I’M NOT SUGGESTING PEOPLE SHOULD USE OR INVEST IN ETFs. I’m saying that the FACT that BIG COMPANIES are NOW using Bitcoin in their ETFs, is GOOD FOR THE BITCOIN PRICE and for Bitcoins future. As demand grows: 1 + 1 = 2
So don’t think I’m now promoting deep state big companies or something. I’m just saying it’s GOOD FOR BITCOIN, and therefore, Bitcoin may perform well after this dip. So we can try to sell high and take profit. And buy more when it crashes after that.
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On David's page I've posted many posts about crypto. Also the things God told me about it and about a next move up I believe He showed me. I also posted info for people new in crypto to help you get familiar with it and understand what it is. God showed me in a dream to start doing crypto. I'll share that later too. Check it out.
I hope you appreciate my posts and that it will bless you and yours and this beautiful world.
'Till the next one!
-- Renate
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This is not financial advice. I'm not a financial advisor.
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