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-fundI 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.
For my view, this Blackrock is undeniably one of the whales in the market that can affect the movement of the market in the price value of Bitcoin, but it doesn't mean that it can control Bitcoin; it is unclear what will happen in reality.
First of all, how can Blackrock control Bitcoin because the nature of Bitcoin is decentralized while this Blackrock is under government regulation? That means no single entity controls it. It's game over here. The only thing I see Blackrock doing is that it will help raise the liquidity of bitcoin in the market.