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What are Blackrock’s intentions with Bitcoin?
104 sats \ 4 comments \ @cristaiji 28 Jun bitcoin
I’ve been thinking about this for a while.
Is it simply the case that they plan to profit from Bitcoin’s price appreciation over the longer term?
Or are there deeper reasons ?
Do they plan to capture the network in some way, prevent retail from buying in or even hard fork?
I don’t know and of course the other pertinent question is can they? Does Larry even understand Bitcoin or is he a victim of his own hubris?
Simply Bitcoin makes fun of the whole question but annoyingly doesn’t offer sound analysis.
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32 sats \ 0 replies \ @grayruby 28 Jun
At this juncture their plan is to make as much fiat as possible in fees selling Bitcoin proxy shares.
Whether that plan expands to something more nefarious in the future remains to be seen.
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22 sats \ 2 replies \ @riberet19 28 Jun
People celebrated Bitcoin ETFs, but I never did, Blackrock is one of the most corrupt companies in the world and for a long time it has been known that they manipulate the market, what intentions do they have with Bitcoin? I don't know, but surely not good intentions, the best we could think is that they want to hoard a lot of Bitcoin to profit from the revaluation in fiat terms, which could be the best of events.
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38 sats \ 1 reply \ @DarthCoin 28 Jun
https://m.stacker.news/37501
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0 sats \ 0 replies \ @cristaiji OP 28 Jun
Haha like it.
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