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Miles Deutscher|Feb 05, 2025 11:31
The world's biggest fund managers (like BlackRock) are actively incentivised to push the crypto/tokenisation narrative.
Don't underestimate how powerful this is.
They own the ETFs, they want to make money on management fees.
They take fees on their clients, thus are incentivised to earn the biggest margins possible.
How do you do this?
Push as many people into BTC as possible, as price goes up, you earn more fees. This also causes more retail FOMO which (you guessed it) leads to more fees on the ETF.
Because 99% of people are underexposed to this asset class, there's vast untapped potential.
Equities are fairly saturated at this point, relative to an emerging asset class which has so much upside.
Fink smells the opportunity to be market leaders (that's why he's been pushing tokenisation so hard - literally trillions of dollars in untapped potential).
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