- Did you know there's a company that owns
10% of the global economy and uses a
terrifying machine to control the entire financial world?
And guess what?
They're coming for crypto.
The company's called BlackRock.
They own trillions of dollars in assets,
bail out governments, and have more influence
than any corporation in history.
Yeah, even Apple,
Amazon
and this guy.
They've been called evil, owned businesses everywhere.
They're accused of ruining the American dream
and directly tied to one mysterious figure.
But until now, they've mostly messed around
in the world of traditional finance.
Not anymore.
And this just might change crypto forever.
Now you'd be forgiven for thinking that
BlackRock offering cryptos to institutional investors
isn't that big of a deal.
- M-E-H. Meh
But you'd be dead wrong.
BlackRock is the biggest financial force
on this or any other planet.
Sorry, buddy.
They got their hooks in you, too.
Just about everything you do every day is controlled
by this asset manager.
The banks you use, the
TV channels you watch, the medicine you take,
your underwear.
Actually, I think your underwear probably is safe for now.
Is nothing sacred?
So this global titan is everywhere.
And now they're supporting crypto
by teaming up with Coinbase.
BlackRock's job will be to make it easy
for institutional investors to get into Bitcoin.
And this is big news and great for the
value of Bitcoin, which might get you excited, but
it could also mean something much scarier.
Crypto can get flooded by wealthy institutional investors
and cash crazed power brokers with the resources
to take control of the entire space.
But hold on.
Is this really going to happen?
That's what I set out to understand.
And the first thing I realized is in
order to determine what will happen to crypto,
we need to dive into BlackRock's story and
discover the machine pulling all the strings.
BlackRock is the world's largest asset manager
with $10 million under their management.
Sorry, did I say $10 million?
I meant trillion.
$10 TRILLION DOLLARS.
That's about half the American GDP.
10% of the global economy and
18.3% of Smaug's life saving.
It's actually insane how much
cash these people control.
They've been called evil.
They influence government policies and they invest
other people's millions into businesses they own.
They call the shots and punish those
that don't do what they say.
Some people even believe they
could take over the country.
And of course, there's suspicion about the illuminati.
I think we all saw that one coming.
But here's the thing, when you dig into the BlackRock story,
you don't find reptilians or alien human hybrids or
a shadowy cabal of baby-eating satan worshippers.
You actually find one man - Larry Fink, billionaire BlackRock CEO
and as you probably guessed it, one of
the most powerful men in the world.
Sources have said that it is impossible to overstate how
BlackRock's journey is the journey of a single man.
But who is he?
Well, Fink,
he sits on the Council of
Foreign Relations and the WEF.
He's a big fan of
globalization and global capital markets.
He loves capitalism, and capitalism
definitely loves him back.
And he is, all in all,
the most powerful man on Wall Street.
But if you're anything like I was, then
you have no idea who this guy is.
And to be fair to him, he doesn't look all that evil.
How did he get involved with BlackRock?
Well, he started out helping his family's
shoe store, and it became part of
the secretive Kappa Beta Phi Society.
The contacts there allowed him to
mastermind the spectacular rise of BlackRock.
But that didn't happen without
first making a massive mistake.
He actually ended up losing his employer, First Boston,
a fortune when he worked there.
$100 million wiped out based on
a bad prediction by him.
But while that would end most people's careers, Fink
admitted he'd been a jerk and screwed up.
And what happened next was the comeback of a lifetime.
He built BlackRock, and things went much better.
Their assets quadrupled in a year.
Then they started snapping up
companies and making giant deals.
There was no stopping them
as they bulldozed the market.
They eventually got so big, they could bail
out governments, like after the 2008 crisis.
So, yeah, Fink is something of a stock market genius.
But let's get real.
There are plenty of stock market geniuses out there.
Why did Fink and his
empire grow so exponentially large?
I needed to dig further.
And that's when I discovered it.
Aladdin, a giant supercomputer that
controls investments worth $20 trillion.
Aladdin was built by Fink about 20 years ago.
It runs AI algorithms that
literally shape world markets.
This beast runs a quarter of a million
trades in every type of asset every day.
It even tells the Federal Reserve what to do.
You thought they made all the decisions, but
BlackRock, or rather, Aladdin, pulls the strings.
More than 50% of the world's ETFs
are controlled by this moolah- generating machine,
as well as 10% of the stock market.
It has all the answers and exerts more control
over the stock market than maybe any other entity.
Seriously, this thing keeps the wheels of the
financial world spinning, and it's one of the
secrets to BlackRock and Fink's success.
It even gets rented out to companies willing to pay
huge bucks for it, including BlackRock's own rivals, giving them
all a huge advantage over guys like you and me.
These are the powers just
now entering the crypto space.
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So now you have an idea about BlackRock, the
founder and the machine that powers their decisions.
But what do their crypto moves signify?
BlackRock is an enormous beast with a
history of proving time and time again
that they're experts in reading the market.
Even a source who confessed to not
liking CEO Larry Fink admitted Larry was
astonishing on the level of details he knew.
He's a phenomenal businessman, he knows what he's
doing, and he has this AI backing him up.
It feels like some kind of dystopian Sci-Fi movie.
But with this, they wouldn't just
take a blind gamble on Bitcoin.
If you ask me, this is
probably like most of their moves.
They crunch the numbers, saw a solid opportunity,
and their eyes lit up with dollar signs.
They must be almost certain
about making money with crypto.
Yet BlackRock doesn't just make
money from rising markets.
They're too sophisticated for that.
Once they enter a market, they tighten
those tentacles around every single area, which
is why this investment concerns me.
Because if they're willing to get involved in
crypto, there's a good chance they're going to
try and control it, because why not?
And this all means God knows what in the long run,
but in the short run, it could mean a Bitcoin pump.
If they lose money on Bitcoin, I'll eat my hat.
And I don't even have a hat, so I'll need to buy one.
And I'm sure BlackRock will somehow
make money in that transaction.
So even if cryptos crash, this company will come
out of the wreckage smelling of freshly printed greenbacks.
I'm not going to say their interest in crypto
guarantees rising prices, but it's probably a positive sign.
Which brings me to one final question.
How, if at all, does this
fall into BlackRock's long term plan?
In the past, they've done some bad stuff
and not everyone likes them.
But at the same time, BlackRock just wants
to be your happy, sustainable corporate friend.
And for all of you theorists out there,
BlackRock's enormous power and this creepy
AI will certainly be ringing alarm bells
because BlackRock is potentially one part of a bigger,
more concerning puzzle a group of billionaires that have
way too much power and influence - The WEF.
And what do the rich and powerful want? More money and power,
obviously.
Here's an example.
BlackRock is the only Western company that
can buy stock in blacklisted Chinese companies.
Using money from American pension funds,
they can buy into companies like HikVision,
which makes questionable facial recognition software.
Add this to the fact that they already
know everything about our banking transactions, our media
preferences, and even our underwear, apparently.
Why wouldn't they want more power?
So, sure, BlackRock may be a shady company
with ties to all kinds of powerful entities.
And while I'm not going to speculate on the
world domination plans of their AI, it doesn't take
a genius to realize that a company like BlackRock
entering the crypto world is a huge deal, and
it's going to create lasting changes.
This will probably hike prices up, but in the
long run could put enormous influence over crypto into
the hands of the traditional financial elites.
I'll let you decide whether that's a good thing.
But for now, the world's most powerful financial
supercomputer thinks it's time to enter crypto.
Are you going to join it?
By the way,
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That's going to do it for today.
I'm Max Mahar, and I hope you have a profitable day!