Bitcoin: Banks and BlackRock

On July 5, 2023 Larry Fink called bitcoin an international asset. This is just the reverse of what he said on October 13, 2017 when he called bitcoin an ‘index of money laundering’. Based on recent actions of BlackRock and international bankers, it is clear they want to drive bitcoin down to its October 13, 2017 level of $5,509. International bankers initiated a similar plan with the Euro when they watched the U.S. Dollar move from 72.12 on January 4, 1982 to 115.7 on February 25, 1985 while the Euro collapsed. The U.S. Dollar is currently expected to move significantly higher during the upcoming months, resulting in bitcoin moving lower. International bankers and BlackRock will accumulate bitcoin during this decline as they build out their line of bitcoin financial products. Upon completion of this decline, the banks and BlackRock will initiate a long term move that ultimately runs bitcoin well above its highs of November 2021.

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