You are confusing decentralization to be proportional to the ownership distribution of bitcoin.
Bitcoin being decentralized means that its supply is not under control of any specific body. It does not stop someone from buying bitcoin or selling it.
Now price of bitcoin depends on how much someone is buying or selling it at. Just because someone owns a large number of bitcoin they can try to sell it at higher price but everyone will not buy at that price.
Do not forget that the real price of 1BTC is always 1BTC and not a xUSD.
Topic: Bitcoin Market and Blackrock (Read 31 times)
"...potentially threatening its decentralized nature."
I need to disagree with that ending, since it is flawed. No amount of scandal, irregularities, or fraudulent practices done by people and their companies can threaten the decentralized nature of the BTC P2P Network. What greedy people do with Bitcoin does not define what BTC is at the digital core.
I need to disagree with that ending, since it is flawed. No amount of scandal, irregularities, or fraudulent practices done by people and their companies can threaten the decentralized nature of the BTC P2P Network. What greedy people do with Bitcoin does not define what BTC is at the digital core.
It's true, we could rather talk about autonomy, in the sense that the value of bitcoin would not grow autonomously (due to its increasing scarcity) because its price would be too manipulated.
"...potentially threatening its decentralized nature."
I need to disagree with that ending, since it is flawed. No amount of scandal, irregularities, or fraudulent practices done by people and their companies can threaten the decentralized nature of the BTC P2P Network. What greedy people do with Bitcoin does not define what BTC is at the digital core.
I need to disagree with that ending, since it is flawed. No amount of scandal, irregularities, or fraudulent practices done by people and their companies can threaten the decentralized nature of the BTC P2P Network. What greedy people do with Bitcoin does not define what BTC is at the digital core.
After witnessing the sort of flash crash on February 2nd and 3rd, I started getting interested in the phenomenon of volatility—volatility that could even be called manipulation. That’s when I came across this article. Enjoy your reading!
https://news.cryptos.com/2025/02/02/market/whistleblower-lawsuit-alleges-corruption-retaliation-and-bitcoin-manipulation-at-blackrock/
=> Former BlackRock executive Hamdan Azhar has filed a whistleblower lawsuit against the world's largest asset manager, alleging corruption, conflicts of interest, retaliation, and a hidden agenda to control Bitcoin. Hired in February 2020 as Vice President and Head of Data Science for Global Marketing, Azhar claims to have uncovered fraudulent practices within the company, including awarding a $2 million contract to Rightpoint, a consulting firm where his supervisor's husband, Dr. Tiffany Perkins-Munn, held a senior position. After reporting these irregularities, Azhar allegedly faced retaliation, leading to his dismissal in May 2022. The lawsuit also highlights that BlackRock's Bitcoin strategy aims to manipulate and control the cryptocurrency, potentially threatening its decentralized nature.
https://news.cryptos.com/2025/02/02/market/whistleblower-lawsuit-alleges-corruption-retaliation-and-bitcoin-manipulation-at-blackrock/
=> Former BlackRock executive Hamdan Azhar has filed a whistleblower lawsuit against the world's largest asset manager, alleging corruption, conflicts of interest, retaliation, and a hidden agenda to control Bitcoin. Hired in February 2020 as Vice President and Head of Data Science for Global Marketing, Azhar claims to have uncovered fraudulent practices within the company, including awarding a $2 million contract to Rightpoint, a consulting firm where his supervisor's husband, Dr. Tiffany Perkins-Munn, held a senior position. After reporting these irregularities, Azhar allegedly faced retaliation, leading to his dismissal in May 2022. The lawsuit also highlights that BlackRock's Bitcoin strategy aims to manipulate and control the cryptocurrency, potentially threatening its decentralized nature.
Jump to: