I will give you a great example.
SEC do not like Bitcoin.
But because of the influence of these large financial corporations and instutions, there is a possibility that the decision have been influenced by them.
It has been so long since BTC etfs have been applied by other financial institutions and when it has been applied by Blackrock, the chance of approval has increased and it did happened.
Topic: All in my head.. - page 2. (Read 223 times)
These are just tip of iceberg and yeah they donhave limited influence but we don't see actual market makers since they don't come out in public but rather calls the shot and let's not talk about these spineless politicians or president's because they will switch sides anytime as we have seen how Trump has been trying to jump ship from being an anti crypto to being somewhat pro crypto and Biden i am not sure if he even understands what crypto is, I think there are fray area which we don't have visibility and they takes the call.
I am curious.
Since Black rock and Greyscale among others are very powerful in the financial world, are they powerless in politics? Because I believe they will benefit even more if someone who supports crypto to the core is elected as the new president of the United States.
Anyone associated with cryptocurrencies would surely benefit if someone crypto-positive were to be elected however these big companies no matter how big and influential they would not be able to directly play their cards in politics. They can however support or sponsor a particular candidate but it still wouldn’t guarantee that that candidate will win.Since Black rock and Greyscale among others are very powerful in the financial world, are they powerless in politics? Because I believe they will benefit even more if someone who supports crypto to the core is elected as the new president of the United States.
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I can't help it think that if these people also have power in politics somehow, any crypto hater will be gone if they want them gone, I believe these people are responsible for the forceful apprivement of the ETFs, now Ethereum ETH is also a success.
I don’t think people who hate or are indifferent towards crypto would be gone if this were to happen. Maybe some are only product of false information and would likely clear up some misconceptions but the best scenario to come out of this situation would the benefits directed to us crypto enthusiasts.
You're not wrong, if they hate crypto enough, they will want it gone but the real problem that's plaguing those cryptocurrency haters is that even with all those influence and power at their disposal, they're still going to need to make sure that there's deniability available to them and that no one would be able to stick things to them because they don't want the backlash that will definitely be coming when they start their war with cryptocurrency, they don't know the implications yet and they dread that feeling.
The wonderful thing is that if there was something to happen in crypto that impacts it negatively including the community, they're going to be the first in the list of suspects especially if they suddenly are benefiting from it, there's no way that they can't be involved.
The wonderful thing is that if there was something to happen in crypto that impacts it negatively including the community, they're going to be the first in the list of suspects especially if they suddenly are benefiting from it, there's no way that they can't be involved.
I can't help it think that if these people also have power in politics somehow, any crypto hater will be gone if they want them gone, I believe these people are responsible for the forceful apprivement of the ETFs, now Ethereum ETH is also a success.
With Biden and Warren hating on crypto, these two will be too powerless if many powerful companies want them out of power over crypto.
This is just a thought, and I could be wrong, I read this nowhere but all in my head, if you have something to say about this you are welcome.
It's possible to be very rich and powerful but not powerful enough to become the president of a country. Politics is corrupt, only when you are fully a politician that's when you might be able to stand a chance of becoming a president. In my country, before you can run for presidency, you must have handled other Political positions in the country such as running for a governorship position or other positions. Although I don't know how US run their politics but I don't think blackrock and the later can stand a chance of becoming president.
If doesn't really matter, if the US president is going to be pro-crypto or anti-crypto. Trump was anti-crypto several years ago, and nothing happened, the crypto industry in the USA wasn't damaged at all.
What matters is the number of pro-crypto congressmen and senators. The legislation is being passed in the Congress and Senate, the president can only approve or the deny the laws.
Blackrock are really powerful and have big influence over politics, but I doubt that they are totally pro-crypto. They will just use Bitcoin/crypto as a tool to gain more profits(which is perfectly normal, all crypto investors also want profits). However, I don't think that the people, who rule Blackrock are believers in the core principles of Bitcoin
What matters is the number of pro-crypto congressmen and senators. The legislation is being passed in the Congress and Senate, the president can only approve or the deny the laws.
Blackrock are really powerful and have big influence over politics, but I doubt that they are totally pro-crypto. They will just use Bitcoin/crypto as a tool to gain more profits(which is perfectly normal, all crypto investors also want profits). However, I don't think that the people, who rule Blackrock are believers in the core principles of Bitcoin
On believing what you've said, it's certain that there could be selfishness to the hold that Black rock would come for the rescue of bitcoin if not just if its interest. Hence they're not stakeholders of the bitcoin SEC there's no much global Interests they may afford to effortlessly contribute to the reputation of bitcoin if not just chasing after more money to maintain its financial influence.
While also agreeing with you, the president of the United States doesn't supercede the Senate and Congress bodies, so the stance of bitcoin development to gain more grounds depends on the popularity and dominance of its enthusiastics and not about the presidency to be pegged on the US.
I don't know about Greyscale but I'm sure that BlackRock has lobbyists working for them to deal with those lawmakers that are trying to go for things that are out of the interest of BlackRock, BlackRock if I recall correctly is a big investment corporation and they're in all kinds of investments out there so I'm sure that they're going to be using some kind of way to make it easy for them to be doing their things, like acquiring swaths of land for redevelopment purposes and so they can make money out of it through real estate. BlackRock is a powerful company, in fact, any big company that involves money most of the time is a guarantee that they have their hands on politics because that's where you can bend the law to your will is. If you were in their position, you will do everything that you need to do to secure as much money and influence after all.
If doesn't really matter, if the US president is going to be pro-crypto or anti-crypto. Trump was anti-crypto several years ago, and nothing happened, the crypto industry in the USA wasn't damaged at all.
What matters is the number of pro-crypto congressmen and senators. The legislation is being passed in the Congress and Senate, the president can only approve or the deny the laws.
Blackrock are really powerful and have big influence over politics, but I doubt that they are totally pro-crypto. They will just use Bitcoin/crypto as a tool to gain more profits(which is perfectly normal, all crypto investors also want profits). However, I don't think that the people, who rule Blackrock are believers in the core principles of Bitcoin
What matters is the number of pro-crypto congressmen and senators. The legislation is being passed in the Congress and Senate, the president can only approve or the deny the laws.
Blackrock are really powerful and have big influence over politics, but I doubt that they are totally pro-crypto. They will just use Bitcoin/crypto as a tool to gain more profits(which is perfectly normal, all crypto investors also want profits). However, I don't think that the people, who rule Blackrock are believers in the core principles of Bitcoin
In a scale of the big corporations which are interested in and can influence the outcome of elections and politics in general grayscale will be low ranked. Blackrock I expect does have some level of interest and influence, but that may not become obvious in determining the country should have a pro crypto President and if they can get what they want without it.
- Jay -
- Jay -
I am curious.
Since Black rock and Greyscale among others are very powerful in the financial world, are they powerless in politics? Because I believe they will benefit even more if someone who supports crypto to the core is elected as the new president of the United States.
I can't help it think that if these people also have power in politics somehow, any crypto hater will be gone if they want them gone, I believe these people are responsible for the forceful apprivement of the ETFs, now Ethereum ETH is also a success.
With Biden and Warren hating on crypto, these two will be too powerless if many powerful companies want them out of power over crypto.
This is just a thought, and I could be wrong, I read this nowhere but all in my head, if you have something to say about this you are welcome.
Since Black rock and Greyscale among others are very powerful in the financial world, are they powerless in politics? Because I believe they will benefit even more if someone who supports crypto to the core is elected as the new president of the United States.
I can't help it think that if these people also have power in politics somehow, any crypto hater will be gone if they want them gone, I believe these people are responsible for the forceful apprivement of the ETFs, now Ethereum ETH is also a success.
With Biden and Warren hating on crypto, these two will be too powerless if many powerful companies want them out of power over crypto.
This is just a thought, and I could be wrong, I read this nowhere but all in my head, if you have something to say about this you are welcome.
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