I am making this topic out of curiosity to know more, what actually driving all the powerful and non-powerful countries to be in the competition and why there is a competition in the first hand. Why just people cannot live together and care for each other not like by doing each other's bidding instead without fighting.
Greed is making powerful nations make others poor. They assume that the only way they can maintain their wealth and power is to make other nations less developed. Poor nations depend on industrialized nations for many things and these powerful nations will always want this to continue. The world will always be unequal until humankind knows that we are all equal.
What do you guys think really drive all the government and platform like this new Platform vanguard, BlackRock and some other companies which holds 88% of the market in US and they are almost in every market and now these platforms are coming into Crypto too. I know i started the topic from history lesson and end up at today's problems, but I have to link something to make my point clearer. Why Corona Virus made some people rich why there is a monopoly in the whole world civilization.
Money and power are the two reasons why companies invest massively in a particular sector. BlackRock, Invesco, Wisdom Tree, Bitwise, and Fidelity applications for Spot Bitcoin ETF are because they want to make profit from the bitcoin market. Some of them might also have the intention of having some level of control in the market. It could be a rush to have a level of control over a part of the Bitcoin market.
One thing is thirst of money because making millions is easy but making billions is not easy and we all know that how big the difference is. So, are these platforms and governments being only after money, or other power to control people's life they are already manipulating people's thought through internet like news of Fire in Lahaina and fire in Dubai and fire in Saudia Arabia. These might be consequences but back in time Ford Car company also took loan before 2008 recession and all other companies go bankrupt why they attract money just few months before recession and why big companies are after BTC and trying there hard best to collect BTC and still delaying the process? That's all my confusions are if anyone love to share their thoughts then i am grateful to you all.
There seems to be a kind of misconception here. Private companies like Black Rock and others are the ones applying for approval for Spot Bitcoin ETF and the SEC is the one that will do the approval. They have just started the process of considering the applications and have fixed next year for approval. From the current happenings, it is assumed that Biden's government is anti-Bitcoin. The administration is during everything possible to undermine Bitcoin.