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Blackrock BTC ETH ETFs venture, do you think it will likely get approved and should we tell legislators to not approve it

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by COINS NEWS 89 Views

I was watching some Youtube videos on this and they raised serious questions about this

Blackrock is the largest asset management and actually the one behind the scene that allows the US Treasury to print ( borrow ) money, so they have a huge leverage on the US economy and monetary system

Blackrock plans to own BTC itself but investors do not own the coins or have the ability to own it and can only redeem it for a value THEY specify in the future

The biggest issue they raised is that they may move BTC and fork it into a POS ( proof of stake ) system and centralize the crypto itself

I mean it looking pretty clear that things meant for the citizenry is now being gobble up by big massive entities with more money and power than the people itself

However I would say FUCK ETH since ETH is already centralized so who care if its being turned into a ETF but should we fight for BTC sovereignty?

Also notice how BNB the 3rd largest coin is not considered into the ETF

submitted by /u/couple4hire
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