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BlackRock: The Company that Owns The World entered into the Crypto Market - YouTube
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hey guys welcome to sucrose
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blackrock is known for a plethora of
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achievements while some describe
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blackrock as the most prominent asset
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management institutions in the world
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most of us like to describe it as the
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company that owns the world yes you've
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heard that right but would you be blown
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away if i say blackrock entered into the
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crypto market so are you interested in
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diving deep into this we sure would
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whenever you research the stake in
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ownership of a well-known company there
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is a massive possibility that blackrock
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is already in it either as an investor
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or stakeholder in that company but how
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did the company become what it is today
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and how did it manage to become one of
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the most substantial companies in the
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world let's take a closer look into it
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shall we
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they hold chairs of some of the biggest
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companies in every sector you name it
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from oil and energy to the food industry
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and they own it history of blackrock to
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understand how blackrock became the
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force it is today and we have to look at
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how it started and how the founders
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expertise molded into a giant long
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before blackrock was founded larry fink
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the mastermind behind blackrock worked
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for the first boston corporation and
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from a very early time he was called
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entec as a man who wanted more than what
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he could have and this hunger for his
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financial expertise made him such a
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great genius while working at the first
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boston corporations he made a billion
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dollars for the company all by himself
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and became the talk of wall street and
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just like how every successful man fails
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at least once in their life larry
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suffers through that phase where he was
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responsible for a 100 million loss that
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occurred directly to the company and
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suddenly he was seen as a liability on
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wall street which no one wanted to be a
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part of this didn't go well with larry
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and he used this as a blessing in
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disguise to never fail in his life
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eventually larry was kicked out of the
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company working so hard to make it what
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it was just like steve jobs after this
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embarrassment he went to establish
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blackstone in 1988 with the help of
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steven schwartzman the company had 5
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million credited money and by the next 5
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years the revenue grew by a huge
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percentage and they now have 20 billion
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dollars under their management but both
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think and schwarzman had to go their
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separate ways after the power dynamic
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got toxic and didn't work out the way
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they expected and blackstone became
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blackrock in 1993 and from then on he
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put his blood sweat and tears into
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growing the company at a massive scale
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by 1999 he took the company public and
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by 2004 he merged with merrill lynch
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which added 500 billion worth of assets
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as we can see blackrock is growing at a
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swift pace what makes them a global
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superpower is that their asset managing
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supercomputer aladdin aladdin is a
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network of about 5000 computers that
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store and analyze the data of their
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clients on a daily basis and today some
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of the biggest corporate entities in the
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world rely on aladdin to manage and grow
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their companies the thing which operates
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blackrock is they use and research
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through every aspect from banks pension
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funding companies and other
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organizations from all over the globe
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blackrock gets access from all these
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institutions and uses it correctly so
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that their clients are always taken care
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of and given the best statistical
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business advice financial crisis and the
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power of blackrock to understand the
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power of blackrock we have to look at
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every financial crisis in the 21st
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century out of all the crashes 2008 and
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the covet crisis in 2020 were the ones
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that shook up the world at the same time
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most of the corporate giants looked like
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they were hit by a witch seemed very
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hard to overcome blackrock was the only
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organizations that stood up on its toes
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instantly without any hesitation and
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these were the times when larry king
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became one of the most influential
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figures in the world when wall street
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was going through a messy period they
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needed some government help to sort and
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clean their mess up and they came
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knocking on blackrock's door to help
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them do this immeasurable task and just
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like that blackrock became the main
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point of intersections between
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washington dc and wall street they
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started working with government by
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offering their help in cleaning up the
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mess created by the central banks and
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helping get rid of the toxic assets and
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this made larry fink one of the
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strongest and most famous guys on wall
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street again and to this point it can be
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said that it was a long road of
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redemptions for larry fink but this time
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nothing stopped him and he still had the
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same hunger and ambitions to conquer the
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world he had carried for more than 30
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years and in the coming years the asset
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under blackrock kept on growing at an
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astonishing pace and this time it was
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not just in the counts of billions but
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trillions you heard that right trillions
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and when the covet crisis hit the united
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states washington dc came knocking on
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blackrock's door again and without any
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hesitation blackrock helped the
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government to clean up the mess and
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build out many companies in which they
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had a stake in portfolio of blackrock
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and right now it is estimated that
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blackrock owns about half of the major
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companies in the world establishing a
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monopoly in the market if we take tech
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giants as an example blackrock holds
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some stake in some of these companies
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which are going against each other
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tech companies
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right now they have a stake in almost
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all the top 10 tech companies from
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google to microsoft blackrock managed to
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get ahold of the world's best companies
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and make sure that they never run out of
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business while it is hard to believe
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that larry fink managed to do this all
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in a span of 34 years we have to say
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that 100 million loss was something that
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made him the man he is today to clarify
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they also own a stick in the vanguard
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and co their closest rifle in the
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business that's how big and dominant the
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company is in its expertise food
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beverage and media industry they not
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only hold this monopoly in the tech
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business but also in the food beverage
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and media industries even though fox
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news and other news organizations like
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cnbc are polar opposites they are still
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owned by the same organization this is
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the same pattern in the food industry
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there are basically 10 or more companies
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that own the food supply of the market
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and blackrock in turn owns these
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companies oil companies blackrock has
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been known for holding stakes in many
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oil companies which emit fast amounts of
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pollution so the organization's promised
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to make its investments more sustainable
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and environmentally friendly in the
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future the company has also sent some
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letters and notices to start using more
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sustainable practices in their business
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or they might not get the financial
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support they are used to this is why
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many companies are pushing towards
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sustainable ways of business in such a
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short time blackrock entered into the
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crypto market lately blackrock has also
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entered into the cryptocurrency business
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with their collaborations with coinbase
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coinbase's stock went up 15 after this
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news broke and this is said to be one of
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the smartest and safest moves the
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company has made blackrock users can now
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use its aladdin investment management
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system to manage and oversee their
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investment in bitcoin and other assets
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such as stocks and bonds blackrock also
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said that their focus and interest in
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this partnership with coinbase is
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because of bitcoin it doesn't matter
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which sector or market is new to the
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business blackrock will always be there
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to silently buy the companies maintain
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their neutrality in those markets and
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let the companies have healthy
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competition and true time if they see
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growth in the companies they already
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have a stake in they will decide to buy
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more of those shares to encourage them
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and give them strong financial support
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after the coinbase deal blackrock has
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taken yet another step that sees the
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asset manager immersed itself in the
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crypto space blackrock has launched a
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spot bitcoin private trust that will
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allow their institutional investors
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invest in bitcoin with the conditions
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performance of bitcoin less expenses and
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liabilities of the trust in addition to
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bringing clients access to the crypto
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market the asset manager noted that it
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was studying for areas of digital assets
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and their associated ecosystem they are
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permission blockchains stable coins
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crypto assets and tokenization the
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company sees potentials in these areas
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that could benefit its client and the
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wider capital markets final thoughts
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blackrock is one of the world's most
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powerful and influential companies with
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some kind of monopoly in many industries
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the company has a strong history of
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bailouts and helping to clean up masses
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and is currently focusing on sustainable
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and environmentally friendly practices
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recently blackrock has entered into the
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cryptocurrency business partnering with
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coinbase and plans to launch new
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services supported by bitcoin or
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cryptocurrencies in the near future so
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it is estimated that the company and the
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crypto market will keep on growing in
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trillions in the coming years this just
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goes on to show that if there was ever a
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war the real winner would always be
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blackrock alright that's all for this
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video thank you for watching if you have
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enjoyed the video consider leaving a
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like and subscribe to get the latest
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updates
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disclaimer the views expressed in this
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video are those of the author and do not
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necessarily reflect any organization's
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official policy or position assumptions
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made within the analysis are not
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reflective of the positions of any
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entity other than the author
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