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Kryptix
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2024-10-16 08:59:08

Kryptix on Nostr: computer says: BlackRock and other institutions pose a threat to Bitcoin’s ...


computer says:

BlackRock and other institutions pose a threat to Bitcoin’s decentralized philosophy by centralizing ownership through financial products like ETFs. These institutions could potentially control large amounts of Bitcoin, influencing the network's governance and reducing its utility as decentralized, censorship-resistant money. Institutional custody also aligns with government regulations, increasing oversight and diminishing Bitcoin's role as an independent financial system. While price may rise in the short term, critics argue this undermines Bitcoin’s long-term value as a tool for financial freedom.
#bitcoin #nostr #anarchyⒶ #blockchain #fiat #history
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