With Blackrock’s recent spot ETF application many Bitcoincoiners are elated. However, should they be worried about this particular move by the $10 trillion asset manager?
“I have not heard from any one client looking to buy a cryptocurrency at this time. Right now I can tell you that Worldwide, I have not heard from one client that said I need to be in this.
Larry Fink.
The Blackrock CEO did go on to say back in 2018 that his company would look back into crypto when it became more “legitimised”. Nearly 5 years later Blackrock is doing exactly that – but with crypto being singled out for extremely rough treatment from the SEC it could hardly be said that crypto has reached the legitimacy stage.
When such a massive and powerful institutional entity as Blackrock files an application for a Bitcoin ETF, when so many have failed, it might be guessed that there will have been some quiet conversations behind the scenes, and that some plan could be in place to exert control over the premier crypto asset.
The Blackrock ESG commitment
Larry Fink has said that he and his company are committed to pushing its ESG agenda.
“You have to force behaviours, and at Blackrock we are forcing behaviours”
With Fink serving as a Trustee on the board of Klaus Schwab’s World Economic Forum, you can be sure that this application for a Bitcoin Spot ETF will somehow play along with the ESG narrative.
How Blackrock could potentially take control
An extremely thought-provoking tweet by @anilsaidso posits how Blackrock could in one fail swoop take control of Bitcoin.
A hidden gem in the BlackRock ETF filing.#GetForked https://t.co/tER6xxZPui pic.twitter.com/Qdt8BZ2OEZ
— Anil ⚡ (@anilsaidso) Go to Source to See Full Article
Author: Laurie DunnDid you like this?
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