Can anything good ever come out of these centralized, powerful and rich elites?
Can they ever be considerate of the average man’s needs and his desire for freedom?
The latest news that's buzzing is that of the world's largest investment group. Blackrock. They seem to be making a move that looks pro-crypto.
The focus of most crypto users, especially those just starting, seems to be everywhere in the past two weeks. It's really hard for most to focus on happenings when the market is in bad shape. I get that feeling too, but now less often as i get to embrace the market at it is, not what i expect them to be or.look like.
All big moves and decisions in the crypto world seem to be happening at the same time, one after the other. With all the noise and FUD, it's hard to figure out what's actually happening and what is a facade.
Some people think the move made by Blackrock is bad news for crypto, while others think,” This is what's best for crypto”.
No one is really that certain nor should be about what may happen next, but one thing is sure, crypto is getting the attention of big institutions.
Is that a good thing? *Maybe. *But it's not so bad, right?
Like I said in the first line, can anything good ever come out of SEC, Blackrock or Bitcoin maxis wishing alts would book a flight to oblivion someday.
To me, people and organizations like Gary and Blackrock are just facades. Organizations like theirs are filled with wealthy elites (mostly the bad type) that have nothing good to offer the average man, except to take all his gold for himself.
The rich are sure to want to keep getting rich, so Blackrock may be trying to seize an opportunity that many are not seeing right now, like the real news.
It's good to see big players making big moves, even if they may have a hidden agenda which we all know would possibly aim at controlling the masses and their assets.
Crypto is something new and complex to understand. If they'll shoot themselves in the foot or not is a matter of time.
But it won't be such a bad idea to see how these world-powerful elites and organizations try to take advantage of crypto and its users.
Moreover, this is not the first case of proposing a BTC ETF consideration. In the past, there are up to 10 similar cases, all aimed at recognizing BTC as a commodity.
But this time it's somehow different. I mean, this is the worst time to even make a move like that, but seeing this type of move from powerful and wealthy groups like Blackrock makes it too obvious that this move comes with a mask that's not yet been revealed.
What is best for Bitcoin, and best for the rich, powerful and wealthy elites are on opposite sides of the spectrum, but then, it’ll make crypto an interesting playground for both the big players like Blackrock and all-average Joes that won't strive to define what is best for crypto.
Feel free to share your thoughts in the comments... What do you think is best for crypto at this point? Make it the black rocks playground or make it everyone's playground(decentralized)?
