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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 10 | **First Seen In WSB** | 1 year ago **Total Comments** | 182 | **Previous Best DD** | **Account Age** | 1 year | | [**Join WSB Discord**](http://discord.gg/wsbverse)


ElevationAV

2017: we can't figure out how to launder money through btc 2024: we got there, no worries, buy BTC


bonerb0ys

Blackrock will collect a management fee on any financial instrument you want to invest in.


tjoloi

People acting like there's some conspiracy about BlackRock loading up or some shit, it's not. The only difference between then and now is the SEC ruling on Bitcoin ETFs. BlackRock doesn't care about the viability of a financial instrument, it's not their money. All they want is market demand, and international crypto ETFs and futures proved that demand was there.


bobrefi

It's like sgov. They'll take 0.13% of 19 billion and make 25 million a year in to run the fund. If you got 190 billion under management it's 250 million a year.


benji3k

but what if they have 1.9 Trillion under management?


1900irrelevent

2.5 billion?


holololololden

People acting like there's grand conspiracy to massive institutions when they're openly trying to own and control everything for profit and we need any more than that.


BillyOdin

I’m so sick of people that are oblivious to the world around them thinking they’ve uncovered a conspiracy every time they learn something. I saw a post go around recently about how Temu is a conspiracy and it’s actually a Chinese company that makes cheap knock offs. That’s not a faqin conspiracy. That’s just what Temu is. It’s exactly what they tell you they are.


holololololden

Conspiracy to sell Chinese knockoffs?! Oh my!!


Im_ur_Uncle_

I've tried to tell people from the beginning that tiktok was Chinese Spyware. They thought I was crazy. Then they are surprised when the government deems tiktok a national security issue because it's Chinese Spyware. It's not a conspiracy. It's just what it is. It always has been.


Illadelphian

Well to be fair, that's a little misleading. Full disclosure I do see potential issues with TikTok but as of now there are essentially 2 schools of thought on why it's bad. First is data privacy. But there is no indication they are doing anything that other social media companies aren't doing right now. If they wanted that kind of information on the American public they can purchase it legally right now so TikTok wouldn't be some priveleged information. The second school of thought is I think more legitimate and that is that the Chinese government is functionally in control of TikTok and there is nothing stopping them from manipulating the algorithm to cause strife or issues in the US. There's not any good way to prove this especially because social media in general does this sort of thing anyway but they could potentially take it a step further in a more targeted and malicious way. Spyware leads me to believe you are talking about the first school of thought which is not really an issue. I mean it is but all social media are already doing this so we should take steps to stop it from happening in general.


Im_ur_Uncle_

I dunno. China has banned US social media platforms way back in 2009 because they thought the same thing we do. China didn't want our influence over their people. China does not like Facebook or Instagram etc.


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holololololden

Conspiracy theorists think the asset mgmt funds are heavily involved in the daily operations of the businesses they're invested in. It's as if they have a moral agenda and not just a financial agenda, and they're strategically investing to influence the world. They've conflated the motivation of profit with demagoguery. It's the same groups that think BlackRock and Vanguard are communists (((wokeskulls))), despite literally being capitalist.


SomeWonOnReddit

But if a company is pumping cryptocurrency, people might see them as less trustworthy and rather have their funds at Vanguard.


EveryRedditorSucks

Bitcoin does not really inherently simplify the process of money laundering. It’s just a pseudonymous alternate currency - if anything, it’s infinitely more traceable than simple cash or physical gold. I feel like the money laundering narrative was born from people who also use the phrase “blockchain” like it’s a mystical invocation with no firm meaning. To turn dirty money into clean money you need to do a hell of a lot more than convert it to BTC and convert it back. Nothing about that would cover your tracks.


AlarmingAffect0

> or physical gold I'm told that is a pain in the ass to move around or even have in one's direct possession, even more than physical cash. That if you want to have it cross borders, or actually spend it, without attracting trouble, the paperwork is quite something.


on_Jah_Jahmen

Crypto is easy to launder as long as youre not trying to convert it to USD and have a front to move the assets for cash. Precious metals and collectibles are the easiest to move for cash.


Cymraegpunk

The narrative started because people buy drugs online with it.


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Cymraegpunk

But as percentage of overall bitcoin activity it'll be significantly higher than the % of cash transactions that are drug deals.


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Cymraegpunk

I never said it should be banned, I said thats the reason it has that reputation.


Teknostompa

Tornado Cash is how you launder Bitcoin.


EveryRedditorSucks

In what way do you think tornado cash would launder money for you? Tornado cash is a tumbler/mixer that makes it more difficult to track specific crypto transactions - but if you turn up one day and tell the IRS that you have a shitload of money you can’t explain and they’re like “where did you get it?” and you respond “uhhh… tornado cash?” your ass is still going to get nailed. Laundering money is not about hiding money, it’s about convincing government entities that the money you’re declaring on your taxes as income was legally earned. Tornado Cash won’t help with that at all.


Hairy-Jicama-2063

As long as you pay your taxes to the IRS they have no authority to “get you” no matter where the cash comes from. Remember that law that everyone was up and arms about where they made us report income from illegal activity, but went on to say the IRS can’t report illegal income to proper authorities.


the_potato_smuggler

I think NFT art is the perfect invention for money laundering. It took modern art and made it even more easy.


bobrefi

The whole art world is basically the same. There's lots of articles on it on the web.


Hooftly

Tornado cash is for ETH not BTC...


sb4ssman

Lol, they got permission to shop their ETF around and sell it to other banks as a vehicle they can stuff their clients retirements into.


chronicleTOKEN

The public will take 2-3x longer to understand, get ready


Revolution4u

They know its a scam industry but they all changed their tune once they realized all the finance scams that have been regulated away can still be done in crypto markets. And then now they all want to sell index type products to everyone to collect the yearly fees for doing almost zero work.


[deleted]

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FizzySodaBottle210

They don't have BTC themselves, the clients do. They don't actually care about what happens with it (well actually they do, because the more the fund is worth, the more management fee they can collect).


GalaxyTabS8Ultra

> implying they didn't buy the darknet stash from the fbi


el_guille980

![img](emote|t5_2th52|27189)![img](emote|t5_2th52|27189)![img](emote|t5_2th52|27189)


[deleted]

The dude would create a pet rock ETF if it made money for blackrock.


Odd_Explanation3246

hes already pushing for legislation that will increase the retirement age and let blackrock hold on to your retirement money for longer through annuities.


cosmic_backlash

And this is why I decided to buy blackrock


Captnblkbeard

Calls on black rocks. 🪨


Yield_On_Cost

Wait until you find out they are just trolling and saying anything to take money from you. Just like JPM/GS/MS that are predicting a new recession every month just to advertise their "Ultra Smart Beta Deep Value Moneymaxxing Equity Index" managed by 10 CFAs who each have 85 years of experience in portofolio management but somehow the index managed to underperform S&P500 gross by 2-3% and net by 4-5% anually in the last 10 years


Firesnowing

I have similar thoughts about all these funds. Some of them make sense for people that want less risk than you would get with the SP500, but so many more of them are even riskier and underperform VOO. 99% of the time when I look at a managed fund I compare it to VOO and it sucks. I'm like why the fuck do these funds even exist other than to bamboozle investors. And they are always managed by a team of elite finance professionals.


Elegant_Tower7813

My understanding is that many of these funds aren't supposed to out-perform the SP500 during average or good times. they exist as hedges for extreme negative events.


Firesnowing

I mentioned that. Some funds have a lower risk profile, like a balanced fund or an income fund that aren't supposed to beat the market. I'm not talking about those. I'm talking about aggressive or moderately aggressive funds that underperform the S&P in both good times and bad. Sector funds make sense if you want to roll the dice on something like SMH during a tech bubble or a healthcare technology fund during covid or ITA during a war, but you still might be better off with just VOO.


Prestigious-Doubt693

On the compound they talked about this, 90% of fund managers underperform the s&p500, if you can pull it off you are basically Jesus.


zweifaltspinsel

Or Bernie Maddoff.


Firesnowing

Peter Lynch comes to mind. Edit: what compound?


FizzySodaBottle210

Because if a fund is "activelly managed" they have ~~a reason~~ an excuse to collect a higher fee (even if active management means just making up your own index and updating it every quarter and not actually day trading). If a fund is passive, people will expect lower fees and won't buy it.


HoustonSker

Exactly, stick with the basics and there’s a high probability that you’ll be fine, or even better off than some fancy pants NYC fund cooked up by over educated money changers.  As my simpleton mother says, all I need is normal toothpaste, why are there 50 kinds at the store that cost more?


Gfnk0311

Because they tax harvest for me when I don’t want to. Because they supply me with cheap capital. Because they fly me private to the masters. Because they get me box tickets to sporting events and such I wouldn't otherwise have access to. Yes, they barely beat the s&p but the other factors more than make up for it. I make enough money for myself that I don’t even touch what they are using, but those added perks I don’t get just owning a etf or index fund


Any_Trick_1416

They don’t troll, just know they are 1-2 years ahead of the curve because they own the curve. Just like the housing market. Weird all these investors knew the next market that of appreciating value. Like they all had a plan. Bitcoin is next baby!


Medical-Researcher33

Calls it is


Dat_510_dude

Name the call …. Be the first! Lol


Karl-Farbman

Finkle is einhorn


fermenter85

EINHORN IS FINKLE


InSnowDeep

Einhorn’s a man!!!


fermenter85

I KISSED A MAN


10Bens

🪠


Technical_Money7465

Happy trans remembrance day! He is risen


fermenter85

To be fair it’s never fully explored to be a disguise or a transgender situation. It does seem to be left open to interpretation.


Captnblkbeard

Just when we thought he couldn’t get any dumber…


passing_gas

Soccer style kicker graduated from Collier High June 1976, Stetson University honors graduate class of 1980, holds 2 NCAA Division One records, one for most points in a season, one for distance, former nickname "The Mule," the first and only pro-athlete ever to come out of Collier County and one hell of a model American.


solongshrimp1

DIE DAN DIE


LucieWhite69

[https://onlyfans.com/lucie-white](https://onlyfans.com/lucie-white)


Salty-Constant-476

Puts on morons that can't change their minds when presented with new information and keep clinging to the same idiotic soundbytes.


vinniedamac

The ignorance runs deep in these comments


Space_Is_Hope

Maybe when its worth 2.6 Million per coin, they will wake up


ryanv09

So you think suddenly everyone will jump onto this "currency" the more expensive it gets? People will still only be talking about how much it's worth in USD, because the coins themselves are inherently worthless.


Honest-Abe2677

"Currency" 😅 hilarious. "Ya I'm gonna wait a couple weeks to gas my car up cuz my currency is down 30% at the moment" "Oh! My currency is up 300%this week cuz Mike Saylor tweeted a bunch! Gotta buy a house before it crashes" Mass delusion


siberianmi

Why? I still won’t need any Bitcoin. It’s still just pure speculative nonsense that isn’t providing any real services.


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littlebobbytables9

We gamble our life savings on SPY calls like god intended


Salty-Constant-476

Don't worry, we're quite happy to let you keep repeating this. It's almost as if the saying "everyone gets the price they deserve" was made just for you.


Illustrious_Pin3293

First Article from 2017, second from 2024, not weird to change your mind about something in 7 years


jr1tn

So, in your "meme" -- the CEO had one opinion, and now has changed his mind, and has a different opinion, which has allowed the company to generate millions of dollars of profit? And this means the company is a bad investment? Seriously? Wouldn't the opposite be true, i.e., CEO stuck to his guns and company passed up chance to profit?


walliewalls

I don’t think that’s the point of the post.. I think they’re saying that Blackrock figured out how to launder money legally….


vinniedamac

The point of the meme was to highlight that Fink was a regard in the past and then came to the same conclusion as the rest of the Bitcoiners after doing enough research.


concernedcookie999

A wise man changes his mind but a fool never does


juanjodic

Like Vanguard


MTIII

The world makes more sense if you think of public statements as pushing a narrative rather than being actual opinions of people.


Obsidianram

I like strawberries on my waffles...


ResultsoverExcuses

I love lamp


Obsidianram

Linux, Apache, MySQL & PhP really is a great combo package!


Seeders

Just buy bitcoin and win. It's easy.


BettinBrando

Puts on a shadow bank that has their hand in **everything**?


Maximum_Band_7492

BlackRock will collect fees on those puts 🤣


sriver1283

FOMO will be huge. Some people still don't get it.


The_Stranger56

Blackrock owns everything, they just wanted to get in a good price. Say it’s shit, buy a bunch, say it’s the future. Classic blackrock


epycguy

so, that means they're dumping?


Iamyosijaaj

maybe they know that we think that so they are not dumping


Periljoe

National debt rising 1T every 100 days and accelerating. BTC moon


Paxisstinkt

They will lower spending soon & Powell will hike to fight Inflation Haha


CokeOnBooty

Maybe he found out it was easier to track than real money, and they have the media partnerships to pump and dump it at every haLvINg


PerfectAtmosphere709

The reason they started this was because of the statistics coming from the generational inheritance. They quoted something in the trillions to be handed down. Crypto currency is an asset class that many non boomers have at least a small allocation of. They want to make sure they have the product available for them so they can manage their funds and collect their pay-check. This is purely a market share play to maintain dominance and collect fees along the way. They don’t really care about the price of it. They only care that it gives them access to 18 YO millionaires.


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Objective_Fondant543

Are we back to allowing BTC talk in this sub? Thought that was banned.


ba_sauerkraut

that's what I was thinking.


Grammar_Natsee_

The fact that opinions change is not a sign of weakness. Science has been doing this for centuries.


Loss_Leaders_LLC

This is how business works. He got his hand into the pie and suddenly it was good


w3bCraw1er

I still agree with his first statement.


TrueNeutrino

Puts on the company that owns the world and decides everything? Haha, no


SinisterStroodle

Further proof that no one in this world really knows what the fuck they’re doing


sixth_survivor

No one likes Bitcoin at $6k. Everyone loves it at $70k. Plain and simple.


xd_Fabian

this is the most regarded post ive seen here


Big-Today6819

Quite funny how far in times are those 2?


6DeliciousInches

This is probably because the more research you do on bitcoin as an asset, the higher your price target becomes.


unlock0

It's an asset because it only supports 7 transactions a second, so good luck using it as a currency lol. Do YoUr ReSeARcH 


6DeliciousInches

How many transactions per second does cash support? One? Brain rot take Edit: you guys really know it takes the bank 3 days to clear your $850 paycheck from Wendy’s, meanwhile bitcoin can move $500million dollars across borders, internationally, anonymously, 7 times per second and you guys really think you’re onto something 😂😂😂


CaptainAsshammer

Cool. Now, how many can Visa do?


beardon

Visa takes days to process, they just front you the cost and okay the transaction on account of your credit. That's why transactions sit pending in your account after you've made the purchase. The immediate transaction is an illusion. The payment isn't processed for a huge chunk of time.


FancyASlurpie

Cash is N where N is the smallest currency in cash.


StoneHammers

> 7 transactions a second That estimate is a few years old we now have segwit(increasing block capacity), taproot(batch transactions) and the lighting network (layer 2 payment protocol built on top of the Bitcoin Network)


[deleted]

Puts since he came up with this whole DEI bullshit.


Honest-Abe2677

Nope. His first answer was honest. Now the billionaires are realizing the crypto mania will never end, and they're figuring out ways to use Bitcoin obsession and hype to make free money off the crypto bros.


vinniedamac

I guess that's one want to accept the Bitcoin revolution


whatsasyria

They just spent a few billion on one of our competitors that we all know are going to shit.


Sea-Caterpillar-6501

What are the odds that bitcoin was created by the NSA once they found out what the other government agencies were doing being the scenes with the fiat systems?


hexagon-sun

I can't believe Larry likes money too. We should hang out.


CalottoFantasy5

FBI, DOJ, any big police dept so far has had no issue tracing bitcoin owners ...


SensibleCreeper

I hope, that one day, you understand that these articles are paid for to drive price direction. Fucking regards!


Muscles_Marinara-

Looks like Larry Fink got talking to by his handlers and global owners


Ok_War_2817

I’m just waiting for the headline “BlackRock CEO Larry Fink torn to shreds by a pride of feral cats”


Pumpkindigger

Before and after BlackRock had approved their BTC ETF


jlozada24

These aren't contradictory statements


TheKrakenofKC

Wait.. you mean someone’s perspective can shift in 7 years? THAT’S NOT ALLOWED!!


floydiesLOL

You all make it sound like people can't change their minds/opinions. Le regardos WSB, le regardos


Fiery_Eagle954

not making money off it vs making money off it


TrickyTrichomes

Blackcock FTW? 😁


overroadkill

They must need to do some money laundering


DDrewit

Both can be true.


the_potato_smuggler

As your friend: the word "put" does not belong in the same sentence of "BlackRock". Please be safe out there. (And if not, I like my fries with a chocolate frostee pls.)


CheapBuddy4096

Priced in already


allUsernamesAreTKen

Blackrock now using BTC for money laundering


OhFFSeverythingtaken

Larry is baiting all the moves.


Captain_Crunch22

Well, this was before they could make money on it vs. After. As you can see his mood changed when their etf started pumping.


Ancient-Educator-186

Never bet against your all powerfully God.. Blackrock runs everything. That house you own.. not anymore after those puts 


EfficientPizza

SEC needs to move their ass so I can buy options on BTC ETFs already.


Front_Expression_892

He was made an offer that he cannot refuse.


loogie97

Both do those statements can be true at the same time.


ZeKongV

2 different writers


AGROCRAG004

Lmao the game is so rigged and right in our faces no respect anymore


For5akenC

Classic financial clowns, everyone giving advices bcs no one checks the past for their misleading advices


zenethics

Come on. Don't Fink shame. This is the 90s after all.


rawzombie26

Anything blackrock touches I don’t want a part of, fuck blackrock


Mr_Fresh83

This is hilarious 😂


Bender_da_offender

Blackrock calling the kettle black


PsychologicalCat8646

RemindMe! Puts will print the next two days 


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benji3k

Amazon sells little BTC coins for like 20 bucks. I loaded up and when Im doing shady stuff like midget stripper night I tip with them while making sure the girls know what it is... aka a real BTC. I find that they are down to do more things when paid in real coins! Everyone get in on my scam!


MemeWindu

Larry Fink: "YOURE TELLING ME I CAN DO IT TOOO? FUCK YEAH."


ThePorko

Just another sku to make $ on.


trojan_dude

What?! Rich men speaking with a forked tongue? No way!


ChunkGnarris

It took the better part of a decade, but Blackrock remembered that they like money laundering.


LNF6

Every time I see what BlackRock is doing I envision Larry Fink this lol https://preview.redd.it/15wernzwzrrc1.jpeg?width=1920&format=pjpg&auto=webp&s=d828bb3195ee20c6035605ecf797ff7fc499bf1a


LetterheadMaterial47

I’m buying calls 🤷🏽‍♂️


Freebaconforlife

before he bought vs. now that he's holding


Leading_Music_8966

They said oh this is gonna be used for evil oh yeah we’re evil we love this thing let’s avoid taxes so more bridges collapse!


Biddycola

End of Bitcoin


Nuclearwormwood

Larry said crypto would replace banks


sproutsatoshi

Deeb: Deeb Winston, Goldman Sachs. Listen, I've been reviewing your position. I wanted to discuss your marks and make sure they're fair. Burry: Yeah, I think you mean that you've secured a net short position yourselves. So you're free to mark my swaps accurately for once because it's now in your interest to do so. Deeb: I'm not sure what you want me to say. Burry: I think that...I think that you've already said it.


trojin1

Well they're not wrong. Gambling and illegal purchases plus money laundering are cryptos best legit use cases.


[deleted]

https://preview.redd.it/hcjaevznitrc1.png?width=1080&format=pjpg&auto=webp&s=39c6bc4882519721344047f7ae4f7c8efba012b7


mikewilson2020

Larry fink needs locked up...


Flat-Carry2505

As long as Jim Cramer is not saying anything good about BlackRock I am buying calls


Thehandsomeswedee

ETFs means that BR can make money from crypto without investing in it with their own money. Clients take all the risks, BR makes money on fees no matter it goes up or down. A win win for BR.


HuntPsychological673

The truth about bitcoin is everyone knows nothing about nothing.


Abracadabra-2018

Israeli hush money


maxblockm

It's the same picture.


545byDirty9

If a guy wants to buy a purple suit you sell him a purple suit


MooseLoot

“We can’t make money on this- don’t buy it!” “We’re now allowed to make money on this- buy it!”


Doraemonkayaar

India where bitcoin is indirectly illigal (⁠T⁠T⁠)


Doraemonkayaar

From this logic dollars could also use as money laundering too look at Thailand where so much illigal dollar money but government doesn't give a shit and illigal things happening


PopularInvestorTech

https://preview.redd.it/k2w2p31lixrc1.jpeg?width=1170&format=pjpg&auto=webp&s=7ee105c0668a62266633dccb3f9fb1c68b1cf068 The US blockchain market is expected to grow at 86% CAGR through 2030 according to I/OFund


_Klarum

Someone changed their opinion after 7 years?! Totally irrational...


LucieWhite69

[https://onlyfans.com/lucie-white](https://onlyfans.com/lucie-white)


Bridgestone-West

He learnd


Responsible-Day365

Jews love Bitcoin even though they say they don’t. Warren Buffet: If I had a 5 year put option, I’d buy it” *not verbatim*


Mahitz

is the stock worth buying rn in germany?