Originally aired on June 28, 2023
BlackRock, Vanguard, and State Street, three major financial companies, have acquired an additional 12,333 Bitcoins, according to Michael Saylor from MicroStrategy. This move has significant implications for the Bitcoin market and the accessibility of Bitcoin for individual investors.
Is Bitcoin becoming more inaccessible because of traditional financial companies?
- BlackRock, Vanguard, and State Street have acquired a significant number of Bitcoins.
- Shareholders of MicroStrategy, such as BlackRock, Vanguard, and Morgan Stanley, have a say in the company’s actions.
- These companies are likely to promote traditional financial products, making it harder for individuals to purchase and store Bitcoin.