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Topic: Will Blackrock control BTC? - page 5. (Read 754 times)

hero member
Activity: 2254
Merit: 831
March 10, 2024, 04:25:35 AM
#2
Black Rock does not and will not control BTC if you implied about control on Bitcoin network.

They can have big shares in Bitcoin circulating supply but control the network, they won't have that power.

Black Rock started to show something big in the last year by investing in 4 of 5 biggest Bitcoin mining companies.

BlackRock is a major shareholder in 4 of the 5 largest Bitcoin miners. And they also spent their resources for Bitcoin Spot ETF application against SEC. Finally they succeeded and they are buying a lot of bitcoin last 40 days. Already surpassed MicroStrategy as a biggest public company holds Bitcoin.

https://bitcointreasuries.net/
jr. member
Activity: 238
Merit: 7
BTC Lover|Crypto Educator| We Grow by Learning!
March 10, 2024, 04:21:49 AM
#1
Hey guys how y'all enjoying this bull run? So something got me thinking after reading this news about Blackrock filing to get more BTC for their Global Allocation Fund.
Y'all can read the news here, it's a minute or 2 minute read: https://cointelegraph.com/news/blackrock-buy-spot-bitcoin-etf-global-allocation-fund

I mean, the funds coming from ETFs are really showing its worth. I can see the excitement on everyone's faces that bought BTC. I also have benefited a lot from it, engaged in different events like the Welcome to bull run on Bitget, some farming airdrops on Binance and many more.

But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
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