Post
Topic
Board Bitcoin Discussion
Re: Will Blackrock control BTC?
by
lizarder
on 17/03/2024, 18:52:03 UTC
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. 
In terms of the amount of ownership supply it might be true that they will be the most holders of the purchase allocation but I am not sure they can control bitcoin fully. If we are too worried about these people who will control everything then I will see that the market process will be determined how the demand and supply are interconnected. The possibility of full control cannot be done and maybe they can manipulate the market under certain conditions and my assumptions do not go according to what is planned.

I believe enough that Blackrock, ETF and other companies only care about business to generate profits, then why are we too worried about the full control of the bitcoin they have. Because there is no way to control fully because Bitcoin has a much stronger nature to defend ourselves so that today we see its power is far more developed than some assumptions regarding control.