Blackrock ETF application was timed perfectly

A few months ago, I posted here with a response to the Blackrock ETF application and it’s timing. That post was also named “Blackrock ETF was timed perfectly”. Here was my theory at the time.

“My theory is that Blackrock believes the market will drop further from here, and that is why they applied for the ETF now. It’ll take many months for the SEC to decide on the ETF, and I have heard so long as 200ish days. I have a feeling the timing is impeccable for Blackrock to plan the acceptance of the ETF, with them expecting Bitcoin and Crypto to drop lower, during a recession in Q1-Q2 2024.”

“Honestly, I started to believe that this recent rise in prices was a good sign for Crypto getting back into a bull market, but I feel like Blackrock sees something coming. I am gonna continue my DCA, but I’ll be ready to buy a retest of the lows if we get that.”

“Just my total speculation obviously but I have a feeling there’s great timing here, so Blackrock can plan to get their new spot BTC ETF buys at recession lows. Roast me if you disagree or have better info.”

I see the dip we have, not necessarily as a result of anything Blackrock is doing or as Blackrock manipulation. But it was rumored for over a year the Evergrade was going to go bankrupt, along with multiple other companies. The macro outlook is just not very good. It just seems obvious that Blackrock wants to time the Bitcoin ETF along with two things:

• recession lows/recession crab market. Or just simply uncertain market conditions. It seems like more foreclosures and distressed home sales going on, which will not actually become a macro trend for a few months, due to lag effects. This is the last leg that really needs to fall, before inflation can be called done with and will likely help push us into a very visible recession. After that, money printer go brrr.

• the bitcoin halving. They definitely want to time the bitcoin halving, for obvious reasons. If they can get an approval around the halving AND the Fed pivots, it will likely lead to a crazy bull market that they want to be a part of.

Would love to hear other opinions on this topic of Blackrock forecasting what is happening now, plus them wanting to be ahead of the mid-post recession bitcoin bull market.