# BlackRock’s Entrance to Crypto Could 2X+ the Price of Bitcoin

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Last modified: 2022-08-10

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By Paul Ebeling · 2022-08-10
Tags: Shayne Heffernan on Investments, Luxury, Lifestyle, Headline News, Paul Ebeling, Bitcoin, Crypto, Education, crypto, Bitcoin, Knightsbridge Insights, Living, Knightsbridge, Featured, KNIGHTS, Business, Market, Money
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#crypto #bitcoin

$BTC

"Last week, US-based crypto giant Coinbase announced that it teamed up with BlackRock, the biggest asset manager in the world, to bring cryptocurrency trading to wealthy clients"--Paul Ebeling

BlackRock’s entry into the crypto space will have huge implications for the price of Bitcoin (BTC).

The illiquid supply is about 14-M out of the roughly 19-M  Bitcoin outstanding. And by our calculations, only 3-M units are truly liquid. And so the demand  if we were to see a $1-T increase in demand then it will likely drive the price up higher than the 2Xing that I mentioned above.

BTC is trading for $23,122.84 at time of writing. The top-ranked crypto asset by market cap is up nearly 3% in the past 24 hours

The Knights Platform is an electronic network that links the trading floors of every relevant Crypto Exchange

Market participants, Brokers and market makers can take a price on any of the linked exchanges to find and execute the best price available. Eventually, as they are on boarded, a broker on the floor of one exchange could directly place an order through Knights rather than going through a broker on another exchange.

A tip of my hat to sovereign individuals with satoshis and Bitcoin in cold storage with our firm. [Click here](https://knights.app/login)

[*Chec*](http://crypto.livetradingnews.com/en)[k Price Action](http://crypto.livetradingnews.com/en)

Have a prosperous day, Keep the Faith!

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