Please read the attached Wall Street Journal Article: How Bitcoin Made a Believer Out of BlackRock. Please write a three page paper answering the following questions:

March 20, 2024March 20, 2024 Discipline: Finance

What is “Black Rock”? Please include (1) the business description of Black Rock and (2) the market share that Black Rock has in it’s business segment.

Explain why it’s important to follow what Black Rock does.
Please explain what Black Rock has decided to do with bitcoin and why this is a big deal
Vanguard (Black Rock competitor) stated the following “bitcoin is more of a speculation than an investment”. Please explain the fundamental problem with this statement and how it reveals Vanguard’s misunderstanding of Bitcoin.
Please provide your opinion of this article

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