Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Bitcoin - The road to a SIX DIGIT price valuation
by
Lucius
on 25/07/2023, 10:42:15 UTC
⭐ Merited by Wind_FURY (1)
~snip~

BlackRock wants to offer a spot BTC ETF to the market, which for me is something much different than the fact that they as a company have a special interest in Bitcoin or anything else except that their company increases profits. In addition, the part of their request in which they mention forks does not look the least bit friendly when it comes to Bitcoin, because they already suggest in that statement that they could choose any fork that would be more favorable for them at that moment.

Furthermore, why the fascination with the trillions of $ they manage as if all that money or at least some significant part will flow towards BTC? We can hope for some things, but we still need to be realistic and take into account the other two possible outcomes - and the first is that the SEC will not approve the ETF, and the second is that even if it is approved, it will not have too much of an effect on the BTC price.