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5 sats \ 0 replies \ @siggy47 8 Jul 2023 \ parent \ on: Are Bitcoin ETF's really *that* bad? bitcoin
I don't care about ESG. My problem is BlackRock is practically the government right now. Look at this quote from a Business Insider article from last year:
Former BlackRock investment executive Brian Deese leads Biden's National Economic Council, effectively serving as his top advisor on economic matters. Biden also tapped Adewale "Wally" Adeyemo, a former chief of staff to BlackRock chief executive and longtime Democrat Larry Fink, to serve as a top official at the Treasury Department.
Meanwhile Michael Pyle, BlackRock's former global chief investment strategist who had worked in the Obama administration before joining the firm, serves as chief economic advisor to Vice President Kamala Harris.
Do people really believe the U.S. government is going to sit back and watch as bitcoin absorbs the entire bond market, destroys the U.S. dollar, and U.S. hegemony? BlackRock will help contain bitcoin's price and influence just as JP Morgan Chase has been keepng gold under control since 1970. We may all do well wealth wise in the process, but is that all you want from bitcoin?
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