Quote from: Cookdata on March 10, 2024, 05:56:15 PM

Quote from: Best-mary on March 10, 2024, 08:21:49 AM

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.

This is not the first time we are seeing such things. Grayscale Bitcoin were there before Bitcoin ETF were later approved by the security exchange commission (SEC) and what happen when GBTC were been traded? There impact on Bitcoin was liquidity which was the Bitcoin they were buying ast the trusts funds were increasing but that doesn't threaten Decentralization, the security and the scalability, more like they were in their own world of Bitcoin(GBTC) and native Bitcoin was doing it own and the Bitcoin they hold that time wasn't upto 1% of the total circulation, I don't think this ETF will be able to manipulate anything other than the price.

Whatever Blackrock or Microstrategy who are now the biggest holder of Bitcoin does, they can influence the price but on the properties of Bitcoin, they can't do anything and I hope they don't use investors Bitcoin like the way FTX did back then when they were using peoples fund and thinking of way to move the price further to recoup what they have spend within the company. Don't trust anything related to Bitcoin companies such as GBTC or any other Bitcoin ETFs.

Im not worried about Blackrock or Microstrategy per se, or any of the other big players in the field, what is to consider is that they all fall under the same jurisdiction, the US jurisdiction. That is to say, they all have to follow US laws. So if the government decides to push for X or Y or Z fork that contains some feature they want, they would be forced to comply or else face penalties. At that point they either fold or move their business elsewhere. Here I can see Saylor winning since he has a lot more leverage in the full sense of the word when it comes to choosing how and where they run their business. With Blackrock im afraid they are stuck, if they aren't US agents since day 1 that is.