So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?
In the short term, Blackrocks buying of Bitcoin is good for the market and Hodlers as this translates into price soaring and more people believing in cryptos, but the unfortunate issue we not talking about is that one entity will control how bitcoin will grow once they have the lion's share of coins and I don't like it!!!
Tbh, if it were up to me..I would limit the number of coins one person or entity can owe at this point to try protect the markets in the long term to avoid market manipulation etcetera
Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?
As a business, I think they are trying to make sure they have enough Bitcoins to accommodate new investors coming for the Bitcoin spot ETF's..which is a good thing but should they derail from their vision then it's a bad move!!