re: Bitcoin all time high.

quote:

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I'm curious about your thoughts on Blackrock and Fidelity recommending individuals incorporate crypto into their portfolios.

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BlackRock and Fidelity are in the business of making money.

Increasing broader exposure to crypto, whether directly or through ETFs, drives price up, increasing the value of their holdings. They didn't create a crypto ETF out of the goodness of their hearts so you can make money. They did it so THEY can make money off of YOUR exposure. You might win a little, they win a LOT.

BlackRock and Fidelity can hedge against just about anything. If they can continue to drive price up, then good for them. If it shits the bed, they'll yawn and move on since any losses will be offset somewhere else. They will not lose either way, rest assured.

YOU are in the game.

BlackRock and Fidelity are not in the game. They ARE the game.