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BlackRock Filed One Form. Bitcoin Went From $25,000 to $126,000
The Signal Showed Up in the Ugliest Lull Crypto Had Seen
Teeka Tiwari
September 28, 2026
In October 2017, Larry Fink, the CEO of BlackRock, called bitcoin an “index of money laundering.”
Less than six years later, I saw BlackRock’s name on an SEC filing for a bitcoin fund.
I remember looking at that filing and thinking: This changes everything. Because by then, crypto had been through hell.
On Friday, I showed you the first two Crypto Wealth Waves. I showed you how retail investors drove the first wave... How private wealth helped drive the second... And how both opportunities started taking shape during the ugly stretch I call the “lull” – the gap between when one wave ends and the next begins.
I promised I’d show you the Third Wave today – and the signal that told me the next group of buyers was getting ready to come in.
That signal was BlackRock.
The Worst Lull Yet