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.
What do you mean by "control"? Do you think that Blackrock will decide which BTC transaction on the BTC blockchain will get approved and which one will be denied? This simply cannot happen. Having a large amount of BTC or owning lots of BTC mining capacity doesn't mean that you own and control the Bitcoin blockchain. Why would Blackrock want to control Bitcoin? What's their benefit from this "control"? If Blackrock manages to pump the BTC price to 150K or more, this would be a great benefit for them, but it will also be a great benefit for all the Bitcoin HODLers as well. Do you really think that Blackrock would want to crash the Bitcoin price, just because they want to "control" Bitcoin?