James Diorio
730 posts

James Diorio
@JamesDiorioJr
Digital Asset Manager; Author Crypto Decrypted; Age of Autonomy advocate;

The Bybit hack was a brutal reminder that centralized exchanges (CEXs) continue to be the weakest link in Web3’s security chain. While Web3 preaches decentralization, many of its most valuable assets still rely on Web2-era security models. Here is how to fix it 👇





BlackRock has filed with the SEC that it will buy #Bitcoin ETFs for their own funds. They have $10 Trillion in assets under management. Another $20 Trillion of funds use their Aladdin platform to make portfolio allocations. BlackRock has stated that the optimal Bitcoin allocation is 84.9% of a portfolio. Of course, few will do this, but we now have the world's biggest fund manager telling investors to get off zero. Ernst & Young estimates $200 Trillion of Institutional assets could not touch Bitcoin until an ETF was approved. Well, now they can! So what happens if they get off zero? 0.5% allocation from a pool of $200T is an enormous $1 Trillion. The Bitcoin total market cap is $1.32 Trillion as I type this. A multiplier of 5-10 could push the Bitcoin price to $600K-$1.2m. It may take many years for that allocation to work its way into Bitcoin, but the potential is there for a significant re-rating. Still early! 🤑

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