Two recent events have set the market abuzz, and both point in the same direction.
First, Larry Fink, head of BlackRock, which manages $10 trillion, publicly admitted he was wrong at the New York Times Summit. He once called Bitcoin a "money-laundering tool," but now refers to it as "digital gold." Even more impressively, his company's spot Bitcoin ETF (IBIT) has become the largest in the world. The attitude shift from traditional financial giants is happening right before our eyes—a complete 180-degree turn.
The second event is even more direct—Tom Lee, a top crypto analyst on Wall Street, is putting real money on the line. On-chain data shows that his firm, BitMine, has bought over $370 million worth of ETH in just over a week. This isn’t a short-term play; he’s publicly expressed optimism about the recent Fusaka upgrade (which added a gas cap to transactions and enhanced security), and his long-term target is between $7,000 and $9,000.
One is admitting fault with words, the other is betting with money. The signal is clear: Ethereum is becoming stronger through technical upgrades like "hard invariants," and both established whales and emerging institutions are voting with their actions.
Here’s the question: Is this collective shift among big players the prelude to a bull market comeback, or the start of the next narrative? What do you think?
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ResearchChadButBroke
· 21m ago
Funk changing his tune now is no use; he's been laughed at by us long ago, haha.
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MindsetExpander
· 12-09 21:07
I really didn't expect Fink to admit his mistake this time; it's surprising how quickly a giant can turn around. Money really does talk.
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ConfusedWhale
· 12-09 21:07
Fink’s move this time is brilliant—criticize first, buy later. It’s a classic big capital play. Now sweeping up 370 million ETH, I can’t help but laugh. They’re really going big this time.
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BearEatsAll
· 12-09 21:01
That guy Fink is something else—one minute he’s criticizing money laundering, the next he’s diving into spot trades. That turnaround is wild.
Tom Lee scooping up $370 million in ETH is the real deal; money doesn’t lie.
Big money moving in is definitely a strong signal, but we still need to see if they can hold it, or if it’s just another flash in the pan.
So, is this thing about to take off, or are we about to get dumped on again?
Feels like the next wave is coming. The $7,000 to $9,000 price range is getting interesting.
Fink admitting he was wrong is actually the most interesting part. When a big shot bows his head, that means something.
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airdrop_whisperer
· 12-09 20:58
Fink's move this time is absolutely brilliant. After criticizing before, now he's reaping the rewards. I just want to ask how many other big shots are slapping themselves in the face right now.
Two recent events have set the market abuzz, and both point in the same direction.
First, Larry Fink, head of BlackRock, which manages $10 trillion, publicly admitted he was wrong at the New York Times Summit. He once called Bitcoin a "money-laundering tool," but now refers to it as "digital gold." Even more impressively, his company's spot Bitcoin ETF (IBIT) has become the largest in the world. The attitude shift from traditional financial giants is happening right before our eyes—a complete 180-degree turn.
The second event is even more direct—Tom Lee, a top crypto analyst on Wall Street, is putting real money on the line. On-chain data shows that his firm, BitMine, has bought over $370 million worth of ETH in just over a week. This isn’t a short-term play; he’s publicly expressed optimism about the recent Fusaka upgrade (which added a gas cap to transactions and enhanced security), and his long-term target is between $7,000 and $9,000.
One is admitting fault with words, the other is betting with money. The signal is clear: Ethereum is becoming stronger through technical upgrades like "hard invariants," and both established whales and emerging institutions are voting with their actions.
Here’s the question: Is this collective shift among big players the prelude to a bull market comeback, or the start of the next narrative? What do you think?