Join Bitcoin University Premium:https://www.bitcoinuniversity.comIn this video, I discuss how OTC trading desks work, and whether or not they affect the price of Bitcoin.OTC= "over the counter," i.e. not traded on an exchangeThere is a common misconception among non-finance people that trading desks are these amazing profit-making machines, when the reality is actually quite sober: they often lose lots of money trading, just like anyone else.Thanks to global arbitrage, the price of Bitcoin converges to the same value across exchanges and trading desks. Not investment advice! Consult a financial advisor. BlackRock Manipulating Bitcoin?https://www.youtube.com/watch?v=KptqizfM0Sg&ab_channel=BitcoinUniversityGoldman Sachs reportedly lost $200M in recent US banking chaos:https://nypost.com/2023/03/17/goldman-sachs-lost-200m-in-recent-us-banking-chaos/BlackRock loses money too:https://www.reuters.com/business/finance/blackrock-profit-slumps-market-turmoil-eats-into-fees-2022-07-15/https://www.bloomberg.com/opinion/articles/2022-07-20/how-blackrock-lost-1-7-trillion-in-six-monthsGoldman Sachs income statement:https://finance.yahoo.com/quote/GS/financials?p=GSBlackRock income statement:https://finance.yahoo.com/quote/BLK/financials?p=BLKRiver Private Client:https://river.com/private-clientSwan Private:https://www.swanbitcoin.com/private/I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #OTC Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=9Faz3VjdcvA