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.
At first, I was happy that the US Secretary of State approved the bitcoin spot etf recently. But after a few months of approval from the institutional investors who gave their applications, I felt worried that the time might come when all or most of the bitcoins will be the ones who hold them and only a few investors like me who are not rich enough to hold them.
But I discovered that it will not lead to that because there are still more investors who save bitcoin for the long term to hold them for a few years for the future of their loved ones. In short, I don't believe that whale investors can control Bitcoin because they are regulated business types, and we know that one of the best features that Bitcoin has is that it actually has decentralization.