BlackRock Issues Bitcoin Supply Shock Warning, Says There’s Not Enough Coins for US Millionaires - The Daily Hodl

The context for this move by BlackRock is marked by the 25% drop in the price of BTC from its all-time high of $109,000 in January. BlackRock, the world's largest asset manager, includes its Bitcoin ETF (IBIT) in institutional investment strategies, marking a turning point for cryptocurrencies in traditional markets. The keys to the move are as follows: Affected portfolio: $150 billion strategy aimed at financial advisors. Exposure: 1%-2% allo…

There are 23 million dollars millionaires, but only 21 million bitcoin. Why BlackRock calls this a great BTC strength. Source: BTC-ECHO BTC-ECHO

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BlackRock Issues Bitcoin Supply Shock Warning, Says There’s Not Enough Coins for US Millionaires - The Daily Hodl

The largest asset manager in the world says there is not enough Bitcoin (BTC) to meet the demand from American billionaires.

BlackRock: $11.5 Trillion Firm Warns of Bitcoin Shortage for 56 Million U.S. Millionaires Amid 21 Million Bitcoin Supply

BlackRock, the world's largest asset manager with $11.5 trillion in assets under management, has stated that if every millionaire in the United States requested one Bitcoin from their financial advisors, there would not be enough Bitcoin available to meet that demand. This assertion highlights the growing interest in Bitcoin among wealthy investors, as there are approximately 56 million millionaires in the U.S. while the total supply of Bitcoin …