BlackRock Manipulating Bitcoin?
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In this video, I discuss the various ways that BlackRock could manipulate Bitcoin-- from price suppression to initiating its own hard fork.
In every possible scenario, it's difficult to see what BlackRock could do to mortally wound or permanently impair Bitcoin.
If they create their own highly-permissioned fork of Bitcoin, they will end up just reinventing a worse version of PayPal or Venmo.
Will dissidents, refugees, and other people who don't want their money to be censored, frozen, or debased use BlackRock-BTC?
Absolutely not.
So maybe BlackRock-BTC would be great for BlackRock and Larry Fink's bonus, but it would not even be competing in the same arena with BTC.
So all we really need to do is to continue to stack sats and chill. BlackRock can go fork themselves.
Not investment advice! Consult a financial advisor.
BlackRock Bitcoin ETF SEC filing:
https://www.sec.gov/Archives/edgar/da...
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
#BlackRock
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