Blackrock is selling shares and accumulating BTC on a daily basis in order to back up client claims to the shares that are supposed to be pegged to the BTC price. Even though Blackrock owns the coins they have fiduciary duties to their clients..and those are supposed to be legally enforceable duties, yet a lot of BIG companies are used to engaging in a variety of manipulations of markets and even getting profits over their clients in ways that are sometimes quite questionable, but legally acceptable.. and surely I would not put it past Blackrock to be continuing to manipulate clients and also manipulate bitcoin in whatever ways that they are able to do so and get away with it, including that sometimes they make money by being the BIGGEST player (bully) within various sectors that they can sometimes play off of one another when having such large stakes..
BlackRock is buying a lot of Bitcoin. That makes some people worried. A company that is big could easily mess with the price of Bitcoin, even if they're not breaking any laws. They have to look after their customers' money, but they could also be making money for themselves at the same time. We need to make sure they're doing the right thing.
I never suggested that people should not be worried about Blackrock. Bitcoin is supposed to be made for attacks, but yeah, you never know - some of these companies are experts on ways to make money in a variety of creative unscrupulous ways, and I am not sure if that means that they are going to throw bitcoin under the bus, even if they were able to throw bitcoin under the bus.
I align with you, you know what, people like to follow the trend without giving room for a second thought, not knowing that this second thought at times is what helps you build/plan the "factor of safety." It's lovely that Bitcoin progressed with the ETF like other notable assets, and thanks to the likes of Blackrock, but we should not forget that all the fiat/traditional/centralised guys are always in for business, exploitation and open more room for government control, they can compromise.
Even the ETF of a thing is a way to indirectly regulate Bitcoin more when bought under a custodial arrangement of ETF. The more the portion bought through them, the more control they and the government have.
I blame those who do not understand Bitcoin very well, they are the ones who can opt for the ETF arrangement when there is a more viable option of non-custodial that will give full control over your coin.