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Bitcoin Is in Danger—Here’s How BlackRock Could Control It All!

2024-12-21 Education
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Coin Bureau
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Description

As everyone celebrates the success of the spot Bitcoin ETFs, the centralization risks arising from the involvement of asset managers has fallen by the wayside, and not just in terms of their BTC holdings. Asset managers have also been aggressively investing in publicly traded Bitcoin mining companies. Meanwhile, more and more of Bitcoin’s hash rate is coming from these publicly traded miners. If that wasn’t scary enough, firms affiliated with the ESG investment ideology have been making lists of influential Bitcoin developers, and some asset managers are even donating funds to Bitcoin devs. What could go wrong? Watch until the end to find out… ~~~~~ 🛒 Get The Hottest Crypto Deals 👉 http://www.coinbureau.com/deals 📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/ 👕 My Merch Store 👉https://store.coinbureau.com 🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/ ~~~~~ 📺Essential Videos📺 Bitcoin Block Size Wars Explained 👉 https://youtu.be/EekpDicWAIA?si=PpRebjkzjNse3FuX ESG Cryptocurrency Explained 👉 https://youtu.be/zVxiFEzCp2U?si=D_Cz02w-1iBbC60- MSCI Making A List Of Bitcoin Developers 👉 https://youtu.be/h-5vCvWfgvU?si=KwCmnRD0QFK5Jbc5 ~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Blackrock Can Influence Bitcoin Fork: https://blockworks.co/news/blackrock-bitcoin-etf-wolf ► F2Pool Censors BTC Transactions: https://news.bitcoin.com/bitcoin-mining-pool-f2pool-acknowledges-ofac-transaction-censorship-backpedals-after-community-backlash/ ► Marathon Digital Largest Shareholders: https://www.wallstreetzen.com/stocks/us/nasdaq/mara/ownership ► VanEck Donates Spot Bitcoin ETF Profits To Developers: https://www.coindesk.com/business/2024/01/05/vaneck-to-donate-5-of-profits-from-btc-etf-to-bitcoin-core-developers ~~~~~ - TIMESTAMPS - 0:00 Intro 0:52 BTC Holdings And Bitcoin Forks 5:10 Bitcoin Transaction Censorship 10:32 Blackrock Controlling Bitcoin Miners? 14:54 Bitcoin Developers Paid By Asset Managers? 20:41 Outro ~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. #Crypto #bitcoin #centralization

Top Comments (10)

@dc100dc100 2024-12-21

Blackrock already mentioned in a footnote that the 21million limit on BTC is not absolute. They are showing their hands.

72 12 replies
@MinniMoto 2024-12-21

I’ve been worried about this for awhile. What’s stopping any government from money printing and aping into BTC for control? Or any company and/or whale from gaining control? I know a lot of people only care about “price goes up”, whereas some of us like the control over our own money and the fundamental purpose of why Bitcoin was created.

70 9 replies
@warrenturpin4641 2024-12-21

Eye opening. Picture a Federal BTC reserve with Blackrock controlling its viability.

53 6 replies
@ssejjdelorenz3152 2024-12-21

If Black rock makes that mistake..those who will BUY the original BTC will win

40 6 replies
@Saveahorse82 2024-12-21

Life is really becoming the movie The Matrix. Imagine soldiers and agents kicking in doors to take nodes to take over Bitcoin.

40 5 replies
@stazchristo 2024-12-21

Don’t buy ETF own your Keys, this is how.

36
@palmierirene 2024-12-21

If we could only get all people to buy Bitcoin and take the majority away smh

20 2 replies
@peterRobinson10101 2024-12-21

Fascinating. There is always something more to learn.

14
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12
@mIKE24463 2024-12-22

I said that the moment they launched the ETF. It's always about control.

4

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