BlackRock – The Next Move After the ETF (part 2)
2 min read
I posted about a month ago my thesis on BlackRock and meme tokens here which got way more attention than I expected:
We are now seeing the thesis play out in real time with BlackRock’s latest move into the on-chain ecosystem with their SEC filing here https://www.sec.gov/Archives/edgar/data/2013810/000201439024000001/xslFormDX01/primary_doc.xml which is a joint effort with Securitize and Coinbase. Think for a moment, the world’s largest asset manager has just put $100M on-chain and they chose Ethereum as the ecosystem. If its not clear to you already this is a big statement from BlackRock indicating there is much more to come. I mentioned in my last post that that they are here to win. We are all fortunate enough to be positioned for the influx of money that is yet to come and this is yet another chess move in their on-chain play.
There is no way that this is their final chess move, the game has barely begun and they are merely starting to mobilize on their roadmap. This is why meme coins matter and skating to where the puck will go matters a lot if you want to capture maximum returns this crypto bull run.
Where do I think their next chess move is? Given their existing business relationship with Coinbase and the $600M to $1.5bn increase in Base TVL since BlackRock filed with the SEC, I believe the on-chain data is telling us right now where their next chess move will be and you can see for yourself https://defillama.com/chain/Base. In my last post, the TVL of Base was $600M and today it is at 1.5bn. They basically added $1bn in TVL in 1 month. I don’t think its a coincidence and insiders probably already know this. These markets are heavily manipulated and the good thing with crypto is you can see it visibly on-chain.
I put 15k USD worth of ETH into Black Rock on Base and now that is at a comfy 158k. It’s only a matter of time when the real money comes in as this in my opinion was just the first wave.
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