Beware BlackRock’s Bitcoin “ETF”

Do this instead. [Altucher Confidential] June 20, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Although approval could be bullish for Bitcoin (and crypto-at-large), there’s a better option. Two, in fact. [Hero_Image] Beware BlackRock’s Bitcoin “ETF” By Chris Campbell Tiny Black Box Reveals $1 Stock Surge? [Click here for more...]( Ray Blanco went live and shocked the world by revealing what’s in [this box]( And it’s already causing quite a stir. Because if Ray is right, a tiny stock trading for around $1 could potentially double overnight... ...and hand early investors a shot at one of the fastest gains of their lives. In fact, because of the [contents of this little black box]( He believes this could be the beginning of one of the largest stock runs in history. A run so massive it could turn every $10,000 invested into a shot at over $1,000,000 in the coming decades. [Go here now to get the urgent details on this once-in-a-lifetime opportunity…before you run out of time.]( [Chris Campbell] CHRIS CAMPBELL Dear Reader, BlackRock is the behemoth’s behemoth. It’s so big, the Fed sometimes uses it to carry out their open market operations… (As the Fed did in March 2020, when the asset manager purchased bonds on behalf of its hive mother.) BlackRock’s so big, it has the power to make or break markets. Which is why, in 2017, when BlackRock CEO Larry Fink called Bitcoin an “index of money laundering”... Institutional investors sat back and sneered alongside them. Fast-forward to 2023: BlackRock just filed for a Bitcoin ETF… and those same institutions are sneering a little less each day. What does this mean for Bitcoin? For you? For crypto? That’s what we’re going to explore today. And reveal why, even if BlackRock’s ETF does get approved, there are better options. [ALC] First, let’s clear up some confusion. “But It’s Not Even an ETF” There’s been discussion whether BlackRock’s listing is actually an ETF. If you look at the filing, you can see it’s listed as a trust. [ALC] Though there’s a lot of splitting of hairs on Twitter, the important thing to understand is it functions like an ETF. In the same way that GLD, the gold shares ETF -- though on paper, is also technically a trust -- trades just like an ETF. (Everyone calls GLD an ETF, too.) [ALC] What BlackRock is proposing is way different than Grayscale Bitcoin Trust (GBTC). Unlike GBTC, BlackRock’s Bitcoin product won’t trade at a premium or a discount to Bitcoin’s net asset value (NAV). Like GBTC, however, BlackRock’s BTC product will buy real Bitcoin on the market, not just Bitcoin futures. (Unlike other BTC products.) And, by the way, it’s not just BlackRock. If the rumor mill is to be believed… Fidelity, the world’s third-largest asset manager, may also be considering applying for a Bitcoin spot ETF. This wouldn’t be quite as surprising. Fidelity has described itself as “crypto-curious” since 2014, [when it started mining Bitcoin](. And in 2018, while BlackRock was pooh-poohing crypto, Fidelity launched Fidelity Digital Assets for institutional custody and trading. [ALC] But here’s the big question: Response Requested 1/1000th of an ounce of gold available , As a Altucher Confidential reader, Jim Rickards is offering you 1/1000th of an ounce of gold when you upgrade your account. It will come in the form of a “Gold Back” - a new type of gold currency that’s starting to spread across America ([click here to view](. If you have not responded to Jim’s offer yet, and want to know how to claim yours… Please click the link below for details. [Click here to learn how to claim your new Gold Back Currency<]( Thanks! Amber Anderson Customer Service Will They Get Approved? BlackRock’s ETF is by no means guaranteed to gain approval. Look at all the Bitcoin Spot ETFs rejected by the SEC: -Grayscale -Wisdom Tree -VanEck -Ark/21Shares -Bitwise And yet… BlackRock’s record of getting ETFs approved is 575-1. (Perhaps this suggests BlackRock knows something we don’t.) But here’s the most important thing to know: Although approval could be heinously bullish for Bitcoin (and crypto-at-large)... There’s a better option. Two Options, In Fact Of course, if you want exposure to Bitcoin, you could always just buy Bitcoin and take self-custody. So long as you know what you’re doing, owning your own Bitcoin private keys is the best way. But not everyone wants to do that. I get it. And not just because of the technical learning curve. So… For those bullish on BTC and want exposure through the traditional finance system… Microstrategy (MSTR) is still an interesting alternative to Bitcoin and any potential Bitcoin ETFs. On top of essentially being a Bitcoin holding company… MSTR has three main advantages: 1.] It’s a cash flow generating business. 2.] It doesn’t charge shareholder management fees. (Unlike BlackRock.) 3.] You’re not giving BlackRock any more of your money. (Not directly, anyway.) BUT… One surprising caveat: Over the past 90 days, Microstrategy has been TWICE as volatile as Bitcoin, with the same returns (about 20%). Even more surprising… Currently, Bitcoin and Ethereum have been about as volatile as Google, Amazon, and even crude oil in the same timeframe. [pub] It used to be said that Bitcoin trades like a Big Tech stock, but with more volatility. But, as it stands, the crypto blue chips aren’t that much more volatile than big cap tech stocks. Take all of this for what it’s worth. But it suggests a shift is coming in the crypto landscape. [Ed. note: Our colleague Ray Blanco is eyeing an opportunity that could be WAY more explosive than Bitcoin in the short-term -- a potential ten-bagger in 12 months. It’s a small company - [I bet you can’t guess what it is] - at the center of a MASSIVE controversy… and an even bigger technological disruption. No, it’s not crypto. Not AI, either. But it could change your fortune for the better. [Click here for Ray’s research.]( Until tomorrow, [Chris Campbell] Chris Campbell For Altucher Confidential --------------------------------------------------------------- [CHART] Could Inflation Hit 20%+ In 2023? [Click here for more...]( Take a close look at this scary chart pictured here… What you see is the money supply in America… And as you can see, the number of dollars in circulation has exploded in the last few years. In fact, more than 80% of all dollars to ever exist have been printed since just 2020 alone! Which is why some say inflation could soon explode even higher than it is now, to 20% or more. And if you’re at or near retirement age you must take action now to protect yourself… otherwise you risk losing everything. [Simply click here now to see how to survive America’s deadly inflation crisis](. [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. 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